JACOB (UK) Limited General Terms 1. General


In these conditions ‘Seller’ means Jacob (UK) Limited


‘Buyer’ means the person(s) named as the buyer(s) in the Seller’s order acknowledgement.


‘Business Day’: a day (other than a Saturday, Sunday or public holiday) when banks in London are open for business. ‘Conditions’: the terms and conditions set out in this document


‘Contract’: the contract between the Seller and the Buyer for the sale and purchase of the Goods in accordance with these Conditions. ‘Buyer’: the person or firm who purchases the Goods from the Seller. ‘Force Majeure Event’: has the meaning given in clause 11. ‘Goods’: the goods (or any part of them) set out in the Order. ‘Order’: the Buyer‘s order for the Goods, as set out overleaf


‘Specification’: any specification for the Goods, including any related plans and drawings, agreed in writing by the Buyer and the Seller.


(Neither the Buyer’s acceptance of any quotation or tender of the Seller nor the Buyer’s order shall constitute a contract until such acceptance of order has been acknowledged by the Seller’s Order Acknowledgement Form.


Contracts are made, orders accepted and Goods Delivered by the Seller only upon and subject to these conditions. No statements, promises or representations of any kind (whether contained in the Seller’s sales literature or otherwise) made before, or at the time of giving of any order or the making of the contract and no qualifications or annulment of any of these Conditions contained in the Buyer’s order, or in correspondence after acceptance or confirmation of order shall be part of or affect the terms of the contract unless such qualification or annulment is expressly confirmed in writing by the Seller.


2. Assignment


(a) The Seller may at any time assign, transfer, mortgage, charge, subcontract or deal in any other manner with all or any of its rights or obligations under the Contract.


(b) The Buyer may not assign, transfer, mortgage, charge, subcontract, declare a trust over or deal in any other manner with any or all of its rights or obligations under the Contract without the prior written consent of the Seller.


3. Terms of Payment


(a) Unless otherwise indicated in the Seller’s Order Acknowledgement Form the Seller will invoice the Goods when they are available for delivery and payment shall be due 30 days following invoice.


(b) The Seller may demand payment in advance in whole or in part or at the time of delivery/collection.


(c) If the Buyer fails to make any payment within four weeks of the due date for that payment all sums payable to the Seller shall become immediately due for payment without regard to the time of payment of any outstanding bill of exchange or other deferred terms for that other contract.


(d) Any pre-payments made for orders requiring bespoke production or other alteration shall be non-refundable save in the event of the Seller failing to deliver the goods.


All moneys are payable in pounds sterling (or in euros) in the amounts shown on the Seller’s invoice and are to be paid without any deduction. Where payment is delayed beyond the date specified for payment the buyer shall pay interest on any sums remaining unpaid at the rate of 4% above base lending rate of Barclays Bank Plc for the time being from the date so specified for payment until date of actual payment until date of actual payment as well after as before any judgement.


4. Title


(1) The risk in the Goods shall pass to the Customer on completion of delivery. (2) Title to the Goods shall not pass to the Customer until:


(a) the Seller receives payment in full (in cash or cleared funds) for the Goods and any other goods that the Seller has supplied to the Buyer in respect of which payment has become due, in which case title to the Goods shall pass at the time of payment of all such sums;


5. Lien


Until all outstanding invoices rendered to the Buyer by the Seller are paid in accordance with clause 4 above the Seller shall have a general lien (in addition to any other right or remedy open to the Seller) upon any goods of the Buyer from time to time in the Seller’s possession or control and the Seller may enforce such lien by selling all amounts then due to the Seller under this contract or otherwise and appropriating the same.


6. Delivery


(a) The Seller shall ensure that each delivery of the Goods is accompanied by a deli- very note which shows the date of the Order, the type and quantity of the Goods special storage instructions (if any) and, if the Order is being delivered by instal- ments, the outstanding balance of Goods remaining to be delivered;


(b) The Seller shall deliver the Goods to the location set out in the Order or such other location as the parties may agree (Delivery Location) at any time after the Seller notifies the Buyer that the Goods are ready.


(c) Delivery of the Goods shall be completed on the Goods‘ arrival at the Delivery Location


(d) Any dates quoted for delivery are approximate only, and the time of delivery is not of the essence. The Seller shall not be liable for any delay in delivery of the Goods that is caused by a Force Majeure Event or the Buyer‘s failure to provide the Seller with adequate delivery instructions or any other instructions that are relevant to the supply of the Goods.


(e) If the Seller fails to deliver the Goods, its liability shall be limited to the costs and expenses incurred by the Buyer in obtaining replacement goods of similar descrip- tion and quality in the cheapest market available, less the price of the Goods. The Seller shall have no liability for any failure to deliver the Goods to the extent that such failure is caused by a Force Majeure Event


(f) The Seller may deliver the Goods by instalments, which shall be invoiced and paid for separately. Each instalment shall constitute a separate Contract. Any delay in delivery or defect in an instalment shall not entitle the Buyer to cancel any other instalment.


Last updated: April 2017


(3) Until title to the Goods has passed to the Buyer, the Buyer shall:


(a) store the Goods separately from all other goods held by the Buyer so that they remain readily identifiable as the Seller‘s property;


(b) not remove, deface or obscure any identifying mark or packaging on or relating to the Goods;


(c) maintain the Goods in satisfactory condition and keep them insured against all risks for their full price from the date of delivery;


(d) notify the Seller immediately if it becomes subject to any of the events listed in clause 12 and


(e) give the Seller such information relating to the Goods as the Seller may require from time to time.


(4) Subject to clause 5, the Buyer may resell or use the Goods in the ordinary course of its business (but not otherwise) before the Seller receives payment for the Goods. However, if the Buyer resells the Goods before that time:


(a) it does so as principal and not as the Seller’s agent; and


(b) title to the Goods shall pass from the Seller to the Buyer immediately before the time at which resale by the Buyer occurs.


(5) If before title to the Goods passes to the Buyer the Buyer becomes subject to any of the events listed in clause 12 then, without limiting any other right or remedy the Seller may have:


(a) the Buyer‘s right to resell the Goods or use them in the ordinary course of its business ceases immediately; and


(b) the Seller may at any time:


(i) require the Buyer to deliver up all Goods in its possession which have not been resold, or irrevocably incorporated into another product; and if the Buyer fails to do so promptly


(ii) , enter any premises of the Buyer or of any third party where the Goods are stored in order to recover them.


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