Terms & Conditions for Handling and Trading Recyclable Materials
1. Definitions
- Materials: Refers to items such as old batteries, wood, project waste, cast iron, used household appliances, old air conditioners, used oils, cardboard, paper, aluminum, and copper.
- Seller: The entity providing the materials for sale or recycling.
- Buyer: The entity purchasing or accepting the materials for recycling or repurposing.
2. General Terms
Quality and Condition:
- All materials must be inspected for quality before acceptance.
- Materials must meet the agreed-upon specifications (e.g., uncontaminated used oils, structurally sound wood).
Compliance with Laws:
- Both parties must comply with local, regional, and international laws regarding the trading and recycling of materials, including environmental and safety regulations.
Ownership and Responsibility:
- The seller must guarantee clear ownership of the materials and ensure no encumbrances exist.
- Once the materials are delivered and accepted, the buyer assumes full responsibility.
3. Pricing and Payment
Pricing Agreement:
- Prices will be determined based on weight, market rates, and material condition.
- Special rates may apply for bulk quantities.
Payment Terms:
- Payments must be made within the agreed timeline, typically within 15-30 days from the invoice date.
- Late payments may incur additional charges as per mutual agreement.
4. Delivery and Logistics
Transportation:
- The seller or buyer must specify who will handle transportation.
- Materials must be securely packaged to prevent damage or environmental hazards during transit.
Delivery Timeline:
- Delivery must occur within the agreed schedule, with penalties for delays unless caused by force majeure.
5. Environmental and Safety Standards
Hazardous Materials:
- Items like old batteries and used oils must be handled and transported in accordance with hazardous material regulations.
Recycling Process:
- Buyers must ensure environmentally friendly recycling processes for all materials.
6. Returns and Rejections
Right to Inspect:
- Buyers have the right to inspect materials upon delivery and reject items that do not meet agreed-upon quality standards.
Return Process:
- Rejected materials must be returned or disposed of responsibly, with costs covered by the seller.
7. Liability and Indemnity
Damage and Loss:
- The seller is liable for damage or loss of materials before delivery.
- The buyer is responsible after acceptance.
Indemnification:
- Both parties agree to indemnify each other against legal claims arising from non-compliance or negligence.
8. Confidentiality
- Both parties agree to keep transaction details and any shared proprietary information confidential.
9. Dispute Resolution
- Any disputes will be resolved amicably through negotiation. If unresolved, the matter will be referred to arbitration or the courts in the jurisdiction agreed upon by both parties.
10. Termination
- Either party may terminate the agreement with written notice if terms are violated or if unforeseen circumstances make the agreement untenable.
11. Force Majeure
- Neither party will be held liable for delays or failure to perform obligations due to events beyond their control, such as natural disasters, strikes, or government regulations.