Terms and Conditions
Effective 2 August, 2024
1. Definitions
- Client/Customer: The individual, firm, company, or entity that engages with our services.
- Product: Any goods or items supplied by the Company, including railway coach components, furnishings, and related products.
- Services:The activities, functions, or tasks performed by the Company in connection with the design, manufacturing, refurbishment, and furnishing of railway coaches.
2. Scope of Services
The Company provides a range of services, including but not limited to:
- Component Manufacturing:Production of railway coach parts and components.
- Coach Furnishing and Refurbishment:Complete interior furnishing and refurbishment of railway coaches.
- Automotive Sector Services:Additional services related to the automotive industry, as specified in individual contracts.
The exact scope of services will be outlined in the specific contract or agreement with each client.
3. Orders and Contracts
- Order Placement: All orders must be placed in writing and will be subject to acceptance by the Company. We reserve the right to decline any order.
- Contract Formation: A binding contract between the Client and the Company is formed once the Company confirms acceptance of the order in writing, outlining the agreed-upon terms, specifications, and timelines.
- Amendments: Any changes to the order or contract must be agreed upon by both parties in writing.
4. Pricing and Payment Terms
- Pricing: The prices of products and services will be specified in the contract. Prices are subject to change prior to order confirmation due to fluctuations in material costs, labor, or other factors.
- Payment Terms: Payment terms will be outlined in the contract. The Company may require a deposit or advance payment before commencing work. Full payment must be made by the due date specified on the invoice.
- Late Payments:Late payments may incur interest charges as outlined in the contract, and the Company reserves the right to suspend or cancel services if payments are not made on time.
5.Delivery and Acceptance
- Delivery: The Company will make reasonable efforts to meet delivery dates specified in the contract. However, delivery dates are estimates and subject to change due to unforeseen circumstances.
- Acceptance of Goods: : Upon delivery, the Client is responsible for inspecting the goods. Any defects, shortages, or discrepancies must be reported to the Company within [specified number of days] of delivery. Failure to notify the Company within this timeframe constitutes acceptance of the goods.
6.Warranty and Liability
- Warranty:The Company warrants that the products will be free from defects in material and workmanship for a period of [specified number of months or years] from the date of delivery. The Company’s liability under this warranty is limited to the repair or replacement of defective products.
- Exclusions: The warranty does not cover damage caused by improper use, installation, maintenance, or any alterations made by the Client or third parties.
- Limitation of Liability:The Company’s liability for any claims arising from the contract, whether in contract, tort, or otherwise, is limited to the value of the products or services provided. The Company will not be liable for any indirect, consequential, or special damages.
7.Intellectual Property
- Ownership: The Company retains all rights, title, and interest in any intellectual property, including designs, drawings, and technical specifications created in connection with the contract.
- License: The Client is granted a non-exclusive, non-transferable license to use the intellectual property solely for the purpose specified in the contract.
- Infringement:The Client agrees not to reproduce, copy, or use the Company’s intellectual property without prior written consent.
8.Confidentiality
- Confidential Information: Both parties agree to keep confidential all information disclosed during the contract, including technical specifications, pricing, and business strategies.
- Non-Disclosure:Neither party will disclose the other’s confidential information to any third party without prior written consent, except as required by law.
9. Termination
- Termination by the Company: The Company reserves the right to terminate the contract with immediate effect if the Client breaches any of the terms and conditions, including failure to make payments.
- Termination by the Client:The Client may terminate the contract by providing written notice to the Company. The Client may be responsible for any costs incurred by the Company up to the date of termination.
- Effect of Termination: Upon termination, the Client will pay for all products and services delivered up to the date of termination. The Company will cease all work under the contract.
10. Force Majeure
The Company will not be liable for any failure to perform its obligations under the contract due to circumstances beyond its reasonable control, including but not limited to acts of God, natural disasters, war, strikes, or supply chain disruptions.
11. Governing Law and Dispute Resolution
- Governing Law: These Terms and Conditions are governed by the laws of [Your Jurisdiction].
- Dispute Resolution:Any disputes arising from the contract will be resolved through amicable negotiation. If negotiations fail, the dispute will be referred to arbitration in accordance with the rules of [Applicable Arbitration Institution].
12. Amendments to Terms and Conditions
The Company reserves the right to amend these Terms and Conditions at any time. Any amendments will be communicated to the Client in writing and will become effective upon acceptance by the Client or upon continued use of the Company’s services.
13. Entire Agreement
These Terms and Conditions, together with any contracts, agreements, or appendices, constitute the entire agreement between the Client and the Company. Any prior representations, understandings, or agreements are superseded by these documents.
14.Contact Information
If you have any questions or concerns about this Privacy Policy or our privacy practices, please contact us
at:
Vibgyor Innovations Pvt. Ltd.
Plot no. 26, First Floor, Dwarka, Sector – 3, New Delhi - 110075
011-40392745
[email protected]
[email protected]