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General Conditions

Terms and Conditions of sale

We apply for credit facilities to be granted to me/us by KLINGSPOR Abrasives South Africa (Pty) Ltd in respect of goods to be supplied and/or services to be rendered upon the following terms and conditions:

1.) Should any amount be outstanding and referred to our Attorneys for collection, the Applicant hereby undertakes to pay all costs incurred by KLINGSPOR Abrasives South Africa (Pty) Ltd. in enforcing its Rights on the scale as between Attorney and own client in order to give KLINGSPOR Abrasives South Africa (Pty) Ltd. a full indemnity in respect of any such costs incurred.

2.) The Applicant hereby consents to the jurisdiction of the relevant Magistrates Court having jurisdiction over the Applicant, notwithstanding that the cause of action instituted might exceed the jurisdiction of that court. However, KLINGSPOR Abrasives South Africa (Pty) Ltd. may, as its sole election, bring any proceedings against the Applicant in the Supreme Court of South Africa.

3.) The Applicant hereby chooses as its domicilium citandi ex executandi the physical address for all purposes under this agreement, whether in respect of court process, notices or other documents or communications, of whatever nature.

4.) I/We undertake to pay any account rendered within a period of thirty (30) days reckoned from date of statement. Should we fail to pay the amount within such a period of thirty (30) days, I/We agree to pay interest on the outstanding balance at the rate of two (2) percent per month from date of invoice.

5.) In the event that any information set out above is not true and correct or should any information be altered and the signatories hereto fail to advise KLINGSPOR Abrasives South Africa (Pty) Ltd. within seven (7) days of the said change and the new details, then the signatories hereto will be jointly and severally liable with the Applicant for any amounts, interest and costs which may be outstanding.

6.) Notwithstanding the granting of credit facilities to me/us, KLINGSPOR Abrasives South Africa (Pty) Ltd shall be entitled at any time and in your sole discretion to withhold such facilities and require payment for any account. Should I/We require extended credit facilities, I/We undertake to apply for your consent to any variation of the above conditions before incurring the debt, and in such an event, I/ We agree to abide by any conditions or stipulations imposed KLINGSPOR Abrasives South Africa (Pty) Ltd as a condition precedent to the granting of such extended facilities.

 

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KLINGSPOR Abrasives South Africa (Pty) Ltd