|
RENTAL AGREEMENT
PDF Version]
OptoTest Rental Equipment Terms and
Conditions
OptoTest Corp, hereby referred to as OptoTest, and the purchaser, hereby
referred to as BUYER, agree to the following terms as binding for all
matters concerning rental equipment. By accepting the shipment of OptoTest
Rental Equipment you are agreeing to the terms and conditions contained
herein. The terms contained herein are in addition to OptoTestís
standard Terms and Conditions where applicable.
WARRANTY
OptoTest warrants that the Rental equipment is free from defects affecting
the function of the equipment. OptoTest does not guarantee any third
party supplied products or items (computers, peripherals, plug-in cards,
cabinets, etc). OptoTest is not responsible for broken or damaged customer
supplied components or units. Only in the case of damage caused by
the gross negligence of OptoTest will OptoTest be responsible for damage
to such components or units and OptoTestís liability shall be
limited at its option to either repair or replace the damaged item.
RENTAL TERMS
All rentals are for a period of 30 days unless otherwise specified in
writing. Rental equipment is specified on a per quote basis. The minimum
term for rent is one calendar month. Fees may be prorated for rentals
exceeding one calendar month with prior written consent from an authorized
OptoTest salesperson. Any changes in rental period must be preapproved
by OptoTest. Failure to return equipment by the designated date will
be considered formal authorization by the BUYER to purchase the equipment
at full price, due immediately. The BUYER bears the burden of requesting
the correct equipment for their testing needs. OptoTest is only responsible
for providing equipment as requested by the BUYER. OptoTest bears no
responsibility for the equipment fully meeting the customers testing
needs when those needs fall outside the function of the unit as specified
in the datasheets, available upon request.
PAYMENT TERMS
The first monthís rental fee is due prior to shipment. For rentals
exceeding one calendar month, the rental fee will be due at 30 day intervals
beginning on the day of the original shipment. All payments not received
when due shall be subject to a processing fee of $50 and an additional
charge of one and one half percent (1.5%) per month (annual rate 19.25%)
of the unpaid amount or the maximum rate permitted by law, whichever
is less, until the date of payment.
TRAINING
OptoTest does not compensate for time lost due to training deficiencies
on OptoTest equipment. Any training needs should be formally requested
at the time of the rental request. OptoTest will provide, free of charge,
up to 2 hours training for single channel systems and up to 4 hours training
for multichannel systems, per full rental month. This includes phone
and webinar training support. For training beyond these designated times,
fees will be charged at the standard OptoTest labor rate. Request a quote
from your sales representative for formal pricing.
USE OF EQUIPMENT
This equipment is provided to supplement your testing and calibration
needs. You are welcome and encouraged to use it in such a way as if you
have purchased the equipment. This includes use in your test/ production
facility. Normal wear and tear for this type of use is acceptable.
DAMAGES
Damages beyond the scope of normal wear and tear will be assessed at
the time the unit is returned. These will be charged at the standard
repair rate and is due immediately. Damage to optical interfaces and/or
detectors is considered excessive wear and tear and repair will be charged
at full market value. The BUYER agrees to secure up to $500 towards damages
to be charged at OptoTestís discretion without BUYER approval.
Repairs over $500 will be charged with NET30 terms and notification to
the BUYER.
RETURNING EQIUPMENT
Return Packaging: You are responsible for return fees. All units are
to be shipped back via ìAir.î 2nd day is acceptable and
this can be by the carrier of your choice. Units should be well padded
and should not move about in box. Units also need to be ëdouble
boxedí
to provide adequate padding. Please ensure the unit is well packaged
as poor packaging often results in damages to the unit. You will be responsible
for damages incurred due to poor packaging. For the OP1021, request specific
packaging instructions from your sales representative.
Return unit to:
ATTN: Sales-Rental return
OptoTest Corporation
4750 Calle Quetzal Camarillo, CA 93012
REMIT TO ADDRESS Wire transfers: OptoTest Corp., c/o City National Bank
502 north Las Posas Road, Camarillo, CA 93010
Please reference Account# 041936169 and Routing# 122 016 066.
SWIFT code: CINAUS6L
Check payments: OptoTest Corp. 4750 Calle Quetzal, Camarillo, CA 93012
These Terms and Conditions are the binding contract between the BUYER
and OptoTest with submittal of the purchase order. These Terms and
Conditions supersede BUYER standard terms and conditions unless agreed
upon otherwise in writing and as an amendment to the purchase order.
|
