Standard Terms and Conditions of Sale and Rental
- 1. Acceptance.
- 2. Definitions.
- 3. Scope.
- 4. Payment Terms.
- 5. Risk and Title.
- 6. Taxes.
- 7. Independent Contractor.
- 8. Warranty.
- 9. Returns.
- 10. Confidentiality and Intellectual Property Rights.
- 11. Limitation of Liability.
- 12. Incidental or Consequential Damages.
- 13. Governing Law and Arbitration.
- 14. Assignment.
- 15. Miscellaneous.
1. Acceptance.
2. Definitions.
- “ZEVAC” means TPE Midstream LLC, an Oklahoma corporation, doing business as ZEVAC.
- “Customer” means the person, firm, or other entity to which equipment and/or services are supplied or provided.
- “Services” means Customer requested Services provided by ZEVAC pursuant to a Purchase Agreement.
- “Goods” means equipment purchased from ZEVAC pursuant to a Purchase Agreement.
- “Rental Equipment” means equipment rented from ZEVAC pursuant to a Purchase Agreement.
- “Purchase Agreement” means a Purchase Order, Sales Agreement, Rental Agreement, or other agreement for the provision of Services, Goods or Rental Equipment by ZEVAC to Customer.
3. Scope.
4. Payment Terms.
5. Risk and Title.
- Risk of loss of Goods or Rental Equipment passes to Customer upon delivery of the Goods or Rental Equipment to Customer or loading on a carrier for shipment to Customer.
- Title to Goods shall pass to the Customer upon receipt by ZEVAC of full payment for the Goods.
- Title to Rental Equipment shall remain, at all times, with ZEVAC.
6. Taxes.
7. Independent Contractor.
8. Warranty.
9. Returns.
10. Confidentiality and Intellectual Property Rights.
ZEVAC grants no title or license or right to use to any confidential information (“Confidential Information”) or intellectual property (“Intellectual Property”) provided hereunder, which remains the exclusive property of ZEVAC. Customer agrees that it will not disclose nor use such Confidential Information or Intellectual Property in any manner, except as provided in this Contract, or make it available to third parties without ZEVAC's prior written consent.
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Customer shall disclose the Confidential Information only to its employees on a need-to-know basis. Customer shall maintain adequate internal procedures, including appropriate binding agreements with Customer's employees, to protect the Confidential Information in the same manner as Customer protects its own confidential proprietary information. Upon any cancellation or termination of this Contract, Customer agrees to return or destroy, at ZEVAC’s direction all such Confidential Information.
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Customer agrees that it will not reverse engineer or attempt to reverse engineer ZEVAC equipment and/or products provided hereunder. Such restriction shall prohibit Customer from any form of disassembly or other form of inspection designed to examine the internal structure and/or internal processors of the equipment and/or products in a nondestructive manner. The foregoing restrictions on reverse engineering shall extend to any third parties.
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Nothing in this Contract shall impose an obligation of confidentiality on Customer with respect to Confidential Information which is: (a) rightfully in Customer's possession at the time it is received from ZEVAC, (b) hereafter furnished to others by ZEVAC without restrictions on disclosure and use, (c) hereafter furnished to Customer by a third party as a matter of right and without restriction on disclosure or use, or (d) independently developed by Customer without breach of this Contract.
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While providing Services, Goods, and/or Rental Equipment to Customer, ZEVAC may develop additional expertise, knowhow and other intellectual property which are ZEVAC’s exclusive property and which ZEVAC may freely utilize in providing services for its other customers. Except where expressly and specifically indicated in writing, and in exchange for appropriate payment, ZEVAC does not develop any intellectual property (including copyrights, patents, know-how, and expertise) for ownership by Customer under this Contract, and ZEVAC retains sole ownership of any such items created during the course of providing services, equipment, or products hereunder.
11. Limitation of Liability.
12. Incidental or Consequential Damages.
13. Governing Law and Arbitration.
14. Assignment.
15. Miscellaneous.
- This document contains all of the terms and conditions with respect to the sale and purchase of the Services, Goods, and/or Rental Equipment sold hereunder. These terms and conditions supersede any of previous date and no modification thereof shall be binding on ZEVAC unless separately contracted in writing and agreed to by a duly authorized representative of ZEVAC. No modification shall be affected by the acknowledgment or acceptance of purchase order forms stipulating different conditions.
- Both parties have reviewed, and have had an opportunity for comment upon, this Contract. Any rule or principle of contractual construction that would otherwise require any aspect of this Contract to be interpreted against the party primarily responsible for its drafting shall not be employed in the interpretation hereof.
- Unless Customer shall notify ZEVAC in writing to the contrary as soon as practicable after receipt of this document by Customer, acceptance of the terms and conditions hereof by Customer shall be indicated and, in the absence of such notification, the Customer's acceptance of the products shall be equivalent to Customer's assent to the terms and conditions hereof.
- Waiver of either party of any default by the other hereunder shall not be deemed a waiver by such party of any default by the other which may thereafter occur.
- If any term or provision of the Contract is held to be invalid, illegal, or unenforceable, such term or provision shall be deemed stricken and the Contract shall otherwise remain in full force and effect.
- Any provision of this Contract that, by its nature, is applicable to circumstances arising after the termination or expiration of this Contract shall survive such termination or expiration and remain in full force and effect.
