STANDARD TERMS AND CONDITIONS OF SALE

1. Agreement to Terms

These Standard Terms and Conditions of Sale ("Terms") constitute a legally binding agreement between Innovatosphere ("Seller," "us," "we," or "our") and the buyer ("Buyer," "you," or "your"). These Terms govern the sale of goods and/or services ("Products") by Innovatosphere to Buyer.

2. Orders and Acceptance

All orders placed by Buyer are subject to acceptance by Innovatosphere. Acceptance of orders is contingent upon availability of the Products, confirmation of the order details, and verification of Buyer's credit.

3. Prices and Payment

  • Prices for the Products are as specified in Innovatosphere's current price list or quotation, and they are exclusive of any applicable taxes, shipping, or handling charges.
  • Payment is due in the currency specified on the invoice, and terms of payment are as specified by Innovatosphere.
  • Late Payment Penalty: If the payment is not successfully completed within 30 days from the project/work completion date or the invoice creation date , an additional fee of 10% of the total invoice amount will be applied. This fee will be added to the outstanding balance and must be paid in full along with the original invoice amount.

4. Delivery and Title

Delivery of the Products will be made to the address specified by Buyer. Title to the Products passes to Buyer upon delivery, provided full payment has been received.

5. Inspection and Acceptance of Products

Buyer shall inspect the Products promptly upon receipt. Any claims for shortage or damage must be reported to Innovatosphere within 1 days of receipt.

6. Returns and Refunds

Products may be returned only with Innovatosphere's prior written consent. Returns are subject to a restocking fee. No Products may be returned after 3 days from the date of delivery.

7. Warranty

Innovatosphere warrants that the Products delivered shall conform to the specifications set forth in the applicable order. This warranty is exclusive and is in lieu of any other warranty, express or implied.

8. Limitation of Liability

In no event shall Innovatosphere be liable for any indirect, special, consequential, or punitive damages, including but not limited to loss of profits, even if advised of the possibility of such damages.

9. Governing Law and Jurisdiction

These Terms and the sale of Products shall be governed by and construed in accordance with the laws of Panama. The parties agree that any dispute arising under these Terms shall be resolved in the courts of Panama City, Panama.

10. Entire Agreement

These Terms constitute the entire agreement between the parties and supersede all prior agreements and understandings, whether oral or written, relating to the subject matter hereof.

Contact Information:

Innovatosphere Panama City, Panama Email: [email protected] Phone: +50761151390

Last updated: February 2024