Terms & Conditions

LM Technologies Standard Terms and Conditions of Sale

 

Our terms & conditions of sale are explained on each invoice we issue.

Below are a few highlights of our main terms and conditions, we have enlarged the text to ensure the terms are easy to read and to ensure each of our customers are aware of the terms that they would be bound by when purchasing from LM Technologies.

Most of these terms are in accordance with our debt insurance company Euler Hermes, who insure all of the invoices we send out under 30 days credit terms. LM our bound by these terms as each of our 30 days credit invoices are under our invoice discounting service offered to LM by HSBC Invoice Finance. If for any reasons, areas that are within these terms are unclear please never hesitate to contact us for clarity.

The details below are NOT the entire terms of sale and it is important that your read the total agreement that is being made by your company and LM Technologies at the time your company agrees to purchase products from LM Technologies Ltd.

1. Definitions

1.1 All sales are accepted on the condition that the buyer pays LM 100% of the invoice total in advance.

1.2 All delivery lead times are a maximum of Twelve (12) weeks from the date of order unless otherwise agreed.

1.3 LM only accepts orders with reference to “The Incoterms Terms” refers to the standard terms of the International Chamber of Commerce (“ICC”) 2010 edition.

“The Terms” refers to our standard terms and conditions as supplemented by the ICC Incoterms.

2. Scope of Application

These standard terms and conditions of the Supplier shall apply to the sale and delivery of the Products manufactured and/or distributed by LM Technologies Ltd.

3.Prices

Unless otherwise agreed and specifically stated on an invoice, all prices quoted are based on conversions of Pounds Sterling and for sales in the UK include Value Added Tax (VAT) at the rate set by HMRC at the time of purchase.

In addition, unless otherwise agreed, all goods are to be dispatched via the Ex Works from the Supplier’s premises in Hong Kong and as such all transportation charges and any taxes, duties charges shall be borne by the Customer.

4.Payment Terms

Unless otherwise agreed, the Customer shall pay for Goods and Services in advance.

5.Title and Risk of Loss

Payment in advance will allow the company to pass full title of the Products to pass to the Customer once the Products have been collected under ex-works terms.

If carriage is supplied as a service by the Supplier, the risk of loss shall not pass to the customer until the goods are delivered to the destination instructed by the customer.

6.Warranty

Unless otherwise agreed, the Supplier offers a warranty period of twelve (12) months to the Customer.

7.Limitation of Liability

The liability of the Supplier relating to any damages shall be limited to the payments received from the Customer for the batch of affected products in question. The Supplier will not, under any circumstances, be liable to the Customer for any direct or indirect damages to any third parties (including customers of the Customer).

8.Confidentiality and Non Disclosure

Both parties acknowledge that in the course of negotiations leading to a sale that any underlying agreement between the parties, where each party may have received from each other information which the disclosing party wishes to protect from public disclosure.

(here in after “Proprietary Information”) Proprietary Information used herein includes without limitation all information disclosed at any time before, after or at the time of execution of the delivery of the products between the parties relating to any confidential information or trade secrets which may, or have been or shall be disclosed by either Party relating to its business, customers, products, marketing and sales plans, strategies and the like.

9.Intellectual Property Rights

Any rendered Services or deliveries of the Products and or Firmware/Software from the Supplier to the Customer shall not grant the Customer any title or interest to any intellectual property rights of the Supplier. All intellectual property rights in the Products and/or Services including without limitation: any source codes, design, topography or any related documentation, trademarks, trade names, copyrights, inventions of any kind whether or not patented or patent-able and trade secrets are the sole property of the Supplier and shall vest with the Supplier. The Customer may not without the prior written consent alter, observe, remove or otherwise interfere with the Suppliers intellectual property rights, nor cause or permit anything which may damage or endanger the intellectual property rights of the Supplier.

10.Force Majeure

The Parties shall be released from their obligations here under in the event of unforeseen circumstances beyond their control, including but not limited to, acts of God, wars, riots, strikes, fires, floods, shortage of labour or materials, labour disputes, governmental restrictions or other causes outside of their reasonable control. [In the event of any such delay, the date of performance shall be deferred for a period equal to the time lost by reason of delay. A Party shall notify the other in writing of such events or circumstances within seven (7) days of their occurrence].

11.Governing Law and Arbitration

The offer, Purchase Orders and confirmations, delivery documents and any other documents or issues relating to the deliveries of the Products or the Services rendered shall be governed by and interpreted in accordance with the laws of England and Wales whose courts will have exclusive jurisdiction to settle any disputes or claims arising from this agreement.

12.Divisibility Clause

This contract is divisible. Each delivery made here under shall be deemed to arise from a separate contract and shall be invoiced separately; any invoice for a delivery shall be payable in full in accordance with the terms of payment provided for herein, without reference to and notwithstanding any defect of default in delivery of any other installment.

Privacy Statement

This privacy policy sets out how LM Technologies Ltd uses and protects any information that you give when you use this website.

LM Technologies Ltd is committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website, then you can be assured that it will only be used in accordance with this privacy statement.

LM Technologies Ltd may change this policy from time to time by updating this page. You should check this page from time to time to ensure that you are happy with any changes. This policy is effective from September 2010.

What we collect

We may collect the following information:

  • Name and job title
  • Contact information including email address
  • Demographic information such as postcode, preferences and interests
  • Other information relevant to customer surveys and/or offers

What we do with the information we gather

We require this information to understand your needs and provide you with a better service, and in particular for the following reasons:

Internal record keeping.
We may use the information to improve our products and services.
We may periodically send promotional emails about new products, special offers or other information which we think you may find interesting using the email address which you have provided.

From time to time, we may also use your information to contact you for market research purposes. We may contact you by email, phone, fax or mail. We may use the information to customise the website according to your interests.
Ascertain and make decisions about the world region you are in to provide you with relevant product and distribution information.

Security

We are committed to ensuring that your information is secure. In order to prevent unauthorised access or disclosure, we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.

How we use cookies

A cookie is a small file which asks permission to be placed on your computer’s hard drive. Once you agree, the file is added and the cookie helps analyse web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.

We use traffic log cookies to identify which pages are being used. This helps us analyse data about web page traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system.

Overall, cookies help us provide you with a better website, by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us.

You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.

Links to other websites

Our website may contain links to other websites of interest. However, once you have used these links to leave our site, you should note that we do not have any control over that other website. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites and such sites are not governed by this privacy statement. You should exercise caution and look at the privacy statement applicable to the website in question.

Controlling your personal information

You may choose to restrict the collection or use of your personal information in the following ways:

Whenever you are asked to fill in a form on the website, look for the box that you can click to indicate that you do not want the information to be used by anybody for direct marketing purposes
If you have previously agreed to us using your personal information for direct marketing purposes, you may change your mind at any time by writing to or emailing us.

We will not sell, distribute or lease your personal information to third parties unless we have your permission or are required by law to do so. We may use your personal information to send you promotional information about third parties which we think you may find interesting if you tell us that you wish this to happen.

You may request details of personal information which we hold about you under the Data Protection Act 1998. A small fee will be payable. If you would like a copy of the information held on you please email us.

If you believe that any information we are holding on you is incorrect or incomplete, please write to or email us as soon as possible, at the above address. We will promptly correct any information found to be incorrect.

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