DECO TECHNOLOGY GROUP INC. QUOTATION TERMS & CONDITIONS

Effective Date: August 1, 2025

All written quotations are valid for thirty (30) days from the date issued unless otherwise stated in writing. After this period, pricing and terms may change without notice.

Unless expressly stated in writing, quoted prices do not include:
- Freight, insurance, tariffs, duties, crating, or rigging
- Applicable local, state, or federal taxes
- Installation or training services
- Travel expenses related to technical support, training, or service visits

Installation, training, and travel costs are quoted separately upon request and must be approved in writing before scheduling or deployment.
All prices are quoted in U.S. dollars.

All freight, duties, tariffs, insurance, crating, rigging, and any applicable local, state, or federal taxes are the sole responsibility of the Buyer. This includes any existing, new, or increased import/export tariffs, duties, surcharges, or regulatory fees imposed before delivery. Any such charges in effect at the time of shipment will be added to the final invoice, regardless of when the order was placed or payment was made. 

Unless otherwise agreed in writing, all machinery is quoted under Incoterms® 2020 – DAP (Delivered at Place) with final delivery to Deco Technology Group’s facility in Placentia, California, USA.

Seller manages and controls all international shipping and importation logistics, including coordination with suppliers in Europe, Switzerland, or Mainland China.
However, Buyer remains financially responsible for all related costs, including:
- International freight charges
- U.S. import customs, duties, and regulatory fees
- Domestic ground freight from Seller’s facility to Buyer’s factory or designated import broker (including Canada and Mexico)

All such costs will be invoiced to the Buyer and must be paid in full prior to release or delivery of goods. In some cases, these costs may appear as a separate line item or be bundled into the total quotation.

Seller may arrange domestic freight on Buyer’s behalf as a service, but Buyer is always responsible for payment.

Risk of loss transfers to Buyer upon release of goods at Seller’s facility or upon delivery to Buyer’s chosen freight forwarder, import broker, or final destination.

All orders are subject to written acceptance by Seller. No verbal commitments are binding unless confirmed in writing. Order changes or cancellations require Seller’s written consent and may incur additional charges.

Shipping dates are estimates only and are not guaranteed. Seller is not liable for any delay caused by manufacturing issues, shipping delays, customs processing, force majeure, or other circumstances beyond its control.
Risk of loss passes to Buyer upon handoff to the carrier at Seller’s facility or delivery to the Buyer’s location, as applicable.

Specifications are subject to change without notice. Seller reserves the right to substitute equivalent components or products when necessary due to product improvements or supply chain availability.

Buyer agrees to pay the full purchase price specified in the Seller’s quotation or invoice, subject to any additional charges or adjustments specified under these Terms. No offset or withholding of payment is permitted unless agreed to in writing by Seller.

If Buyer fails to make payment when due or breaches any other obligation under these Terms, Seller may, without prejudice to any other rights or remedies:
- Suspend further performance or deliveries
- Declare all unpaid balances immediately due
- Repossess any goods not fully paid for
- Recover costs of collection, including attorney fees

Buyer shall remain liable for the full purchase price, plus all related costs and damages resulting from the default.

Title to the goods shall remain with Seller until the full purchase price and all additional charges (including freight, duties, and taxes) have been paid in full.
Until title transfers, Buyer shall not sell, assign, or encumber the goods in any way and shall bear all risk of loss or damage once goods are delivered to Buyer or Buyer’s agent.

Once accepted, orders may not be changed or canceled without Seller’s prior written approval. If approved, the following conditions apply:
- A minimum 20% restocking fee will be charged for cancellations of any standard machinery or equipment.
- No refunds or cancellations are permitted for custom automated machinery, including any equipment modified or built to Buyer’s specifications.

All cancellation requests must be submitted in writing. Seller reserves the right to invoice any completed portion of the order and recover all costs incurred up to the date of cancellation, including engineering, materials, labor, and administrative expenses.

Payment terms are specified on Seller’s quotation or invoice. Late payments may be subject to a 1.5% monthly finance charge (18% annually) or the highest rate allowed by law.
Buyer is responsible for all costs of collection, including reasonable legal fees and expenses.

Seller warrants only that its products will conform to published specifications at the time of shipment.
No other warranties, express or implied (including any implied warranties of merchantability or fitness for a particular purpose), are made unless expressly stated in writing.

Seller’s total liability is limited to repair, replacement, or refund of the purchase price, at its discretion.
In no event shall Seller be liable for indirect, incidental, special, or consequential damages, including but not limited to loss of profits, downtime, or production loss.

These Terms are governed by the laws of the State of California, without regard to its conflict-of-law principles.
Any legal action must be brought in the appropriate state or federal court located in Orange County, California, and Buyer consents to jurisdiction and venue in those courts.

These Terms, together with any written quotation, invoice, or order acknowledgment, constitute the entire agreement between Seller and Buyer. Any conflicting or additional terms proposed by Buyer are expressly rejected unless agreed to in writing by Seller.