GENERAL TERMS AND CONDITIONS VERSMISSEN ANTIQUES AND DECORATION.

Filed at the Chamber of Commerce under number 17117108

ARTICLE 1: GENERAL

  1. These terms and conditions shall apply to all offers and quotations issued by Versmissen Antiek B.V. h/o Versmissen Furniture & Decoration, hereinafter referred to as Versmissen Antiek B.V., as well as to all agreements entered into by Versmissen Antiek B.V. and other parties.
  2. The term “other party” is understood to mean any (legal) person with whom Versmissen Antiek B.V. has concluded or wishes to conclude an agreement.
  3. Clauses deviating from these terms and conditions are only applicable if and insofar as Versmissen Antiek B.V. has confirmed these in writing.
  4. Any general terms and conditions of purchase observed by the Client are expressly ruled out, unless these have been accepted in writing by Versmissen Antiek B.V., and shall only apply to the transaction in question. Any subsequent transactions will not automatically be covered by any such terms and conditions.

ARTICLE 2: OFFERS

  1. All offers made shall be valid for a period to be stipulated by Versmissen Antiek B.V..
  2. An offer shall only be binding if it has been confirmed in writing.
  3. The mere issuing of offers and/or brochures, price lists etc. do not constitute an obligation on the part of Versmissen Antiek B.V. to deliver or accept the order.

ARTICLE 3:  AGREEMENTS

  1. Any agreements made with subordinates of Versmissen Antiek B.V. shall not be binding on the latter, unless they have been confirmed in writing by Versmissen Antiek B.V.. The term “subordinates” is understood to mean all members of staff and co-workers who have not been granted a power of attorney.

ARTICLE 4:  AGREEMENT

  1. Subject to the provisions hereinafter, an agreement shall only come into effect after the other party has accepted in writing a quotation issued by Versmissen Antiek B.V., or Versmissen Antiek B.V. has confirmed in writing the order received from the other party.
  2. The content of the agreement is deemed to be correct and complete. If the correctness of the content of the agreement has not been rejected within eight business days, the parties shall be bound by it.
  3. Any supplementary agreements and/or promises made subsequently by Versmissen Antiek B.V., employees of Versmissen Antiek B.V., its sellers, agents or representatives or other intermediaries on behalf of Versmissen Antiek B.V., are only binding upon Versmissen Antiek B.V. if and to the extent that Versmissen Antiek B.V. has confirmed these in writing.
  4. With regard to activities for which – according to their nature and scope – no quotation or order confirmation can be sent, the invoice and/or delivery note shall also be regarded as an order confirmation, and shall then be deemed to accurately and fully represent the agreement.
  5. All agreements concluded by Versmissen Antiek B.V. shall be subject to the suspensive condition that the other party – at the sole discretion of Versmissen Antiek B.V. – is sufficiently creditworthy to fulfil its financial obligations under the agreement.
  6. Versmissen Antiek B.V. is entitled during or after conclusion of the agreement, and prior to (further) performance of the agreement, to demand security from the other party to ensure that all payment and other obligations will be met.
  7. Versmissen Antiek B.V. is entitled – if deemed necessary or desirable by Versmissen Antiek B.V. – to engage the services of third parties in the proper execution of the agreement, the costs of which shall be passed on to the other party in accordance with the quotations issued. The other party is entitled, subject to payment of items already delivered or performances rendered, to terminate the agreement for the aforementioned reason.
  8. Unless the other party stipulated specific requirements with regard to the material when placing the order, and these were expressly confirmed in writing by Versmissen Antiek B.V., the deliveries shall be of trade quality.

ARTICLE 5:  CHANGES TO THE ORDER CONTRACTED

  1. The costs arising from changes made to the order originally contracted, of whatever nature, made in writing or verbally by or on behalf of the other party, resulting in higher costs than originally and reasonably estimated when issuing the quotation, will be passed on by Versmissen Antiek B.V. to the other party.
  2. Should the other party, after submitting the order, wish to amend the order, the other party must notify Versmissen Antiek B.V. accordingly in writing, in a timely fashion. If the changes are communicated verbally or by telephone, the risks involved in implementing the changes shall be borne by the other party.
  3. Any changes made to the order may result in Versmissen Antiek B.V. exceeding the originally agreed delivery time; Versmissen Antiek B.V. assumes no responsibility for any such delay.

ARTICLE 6:  PRICES

  1. All prices are exclusive of VAT and are Ex Works/Ex Warehouse, unless agreed otherwise in writing.
  2. If one or more cost components are subject to an increase after the date of the agreement, which could not reasonably have been foreseen at the time of the agreement, Versmissen Antiek B.V. shall be entitled to increase the agreed price accordingly, with due observance of any existing statutory provisions in respect thereof, on the understanding that any future price increases are stipulated with the order confirmation.

ARTICLE 7:  CANCELLATION

  1. In the event that the other party fails to pay any amounts owed, petitions for a moratorium on payment, is declared bankrupt or liquidates its business, Versmissen Antiek B.V. shall be entitled to dissolve the purchase agreement or that part that has yet to be performed, without prejudice to its right to claim compensation.
  2. The other party may only cancel the order by registered letter. In this case, the other party shall owe 25% of the selling price.

ARTICLE 8:  DELIVERY

  1. Unless otherwise agreed, the delivery time shall be the moment at which the items are dispatched from the warehouse of Versmissen Antiek B.V.. Delivery will be carriage paid only if and to the extent as so agreed and stated by Versmissen Antiek B.V. in the order confirmation or otherwise.
  2. The stated delivery time is indicative only and is not binding upon Versmissen Antiek B.V., unless expressly agreed otherwise in writing.
  3. All freight, import and export duties, stationing and storage, guarding and customs clearance costs, taxes or other levies shall be borne by the other party.
  4. The items shall travel at the risk and expense of the other party, also in case of delivery carriage paid or if travelling in the name of Versmissen Antiek B.V., whereby shipment constitutes delivery.
  5. Delivery shall go no further than placement on the threshold of the agreed delivery address. The other party is responsible for taking delivery and receipt of the goods.
  6. When part of an order is ready, Versmissen Antiek B.V. may, at its discretion, either deliver this part at that time or deliver it when the entire order is ready. Should the former be the case, all invoices relating to partial delivery must be settled within the term of payment stipulated in these general terms and conditions, unless otherwise agreed in writing with the other party.
  7. If on expiry of the delivery time the other party has not taken delivery of the items, they will be stored for the risk and account of the other party, and the other party shall be obliged to settle the full invoice amount immediately. If the full invoice amount remains unpaid after 6 months, the agreement shall be considered to have been dissolved by Versmissen Antiek B.V., and the other party shall not be entitled to any compensation. The deposit shall be retained by Versmissen Antiek B.V. as compensation for costs incurred.
  8. In the event that Versmissen Antiek B.V. is unable to fulfil its obligations, it shall forthwith inform the other party accordingly, stating the expected duration of the delay in the delivery.
  9. In no event will late delivery entitle the other party to claim compensation. Failure on the part of Versmissen Antiek B.V. to deliver on time shall not entitle the other party to cancel the order or to refuse delivery and/or payment of the goods.

ARTICLE 9:  CARRIAGE/RISK

  1. If no further details have been provided to Versmissen Antiek B.V. by the other party, the mode of transport, dispatch, packaging and the like shall be determined by Versmissen Antiek B.V. with due diligence, without accepting any liability for it. Any specific wishes of the other party concerning carriage/shipment shall only be car­ried out if the other party has declared itself willing to bear the extra costs thereof.

ARTICLE 10: RECEIPT/RETURN OF ITEMS

  1. If the other party refuses to take delivery of the purchased items, or returns the items to Versmissen Antiek B.V. without the prior written permission of Versmissen Antiek B.V., Versmissen Antiek B.V. will be entitled to store the refused or returned items at the expense and risk of the other party and to keep these at the disposal of the other party; this shall not be construed to constitute an acknowledgement of the correctness of any complaints.

ARTICLE 11:  RETENTION OF TITLE

  1. Versmissen Antiek B.V. will retain title to the delivered items until such time as the other party has paid all the debts it owes Versmissen Antiek B.V. in respect thereof.
  2. In case of non-payment of the amounts due, suspension of payment, application for a moratorium on payment, bankruptcy, application for bankruptcy,  placement in receivership, death or liquidation of the other party’s assets, Versmissen Antiek B.V. shall be entitled, without notice of default or judicial intervention being required, to cancel the agreement or that part in respect of goods yet to be delivered and to reclaim as its property any goods that may have been delivered but have not been paid or paid for in full, settling any amounts already paid, without prejudice to its rights to claim compensation for any loss or damage. In those cases, any claim that Versmissen Antiek B.V. may have against the other party shall become immediately due and payable. The costs of repossessing or reclaiming the items shall be borne by the other party.

ARTICLE 12:  LIABILITY

  1. Barring any liability on the part of Versmissen Antiek B.V. pursuant to the provisions of mandatory law and the general principles of reasonableness and fairness, Versmissen Antiek B.V. assumes no liability for the costs, loss, damage and interests that may arise as a direct or indirect consequence of:
    a)  Non-attributable failure to fulfil its obligations, as defined further in these terms and conditions.
    b)  Acts or omissions on the part of the other party, its subordinates, or other persons engaged by it or on its behalf.
    c)  Errors and/or defects in a design not discovered by the other party when approving the design.
  2. Any liability on the part of Versmissen Antiek B.V. shall never exceed that of its suppliers.
  3. Versmissen Antiek B.V. assumes no liability for delays in delivery or damage to items delivered by it via a third-party carrier.
  4. Versmissen Antiek B.V. assumes no liability for any damage, of whatever nature, caused by the incorrect and/or improper use of items delivered by it.
  5. Any liability on the part of Versmissen Antiek B.V. is always limited to the maximum sum paid out its insurers in the case in question.

ARTICLE 13:  NON-ATTRIBUTABLE FAILURE (FORCE MAJEURE)

  1. The term “non-attributable failure” is understood to mean: every shortcoming that cannot be attributed to any fault on the part of Versmissen Antiek B.V., nor for which it is liable in accordance with the law, a legal act or generally accepted principles. Circumstances constituting non-attributable failure (Force Majeure) include, but are not limited to strikes in its business, excessively high staff absenteeism at Versmissen Antiek B.V. due to illness, transport difficulties, extreme weather conditions, fire, government measures, in any case including import and export restrictions, fixed quotas and disruptions in the business of Versmissen Antiek B.V. or its suppliers, as the case may be, as well as any breach of contract by its suppliers, as a result of which Versmissen Antiek B.V. cannot or no longer by expected by the other party to fulfil its obligations.
  2. If in the opinion of Versmissen Antiek B.V. the situation of Force Majeure is of a temporary nature, Versmissen Antiek B.V. reserves the right to temporarily suspend execution of the agreement until the circumstance constituting non-attributable failure no longer exists.
  3. If in the opinion of Versmissen Antiek B.V. the situation of Force Majeure is of a permanent nature, the parties may make arrangements to dissolve the agreement and the consequences arising therefrom.
  4. Versmissen Antiek B.V. shall also be entitled to invoke Force Majeure if the circumstance rendering fulfilment of its obligations impossible commences after the point in time on which Versmissen Antiek B.V. should have fulfilled its obligations.
  5. Versmissen Antiek B.V. assumes no liability for any loss or damage sustained by the other party arising from the inability of Versmissen Antiek B.V. to fulfil its contractual obligations (in a timely manner) due to circumstances which cannot be attributed to any fault on the part of Versmissen Antiek B.V.

ARTICLE 14:  COMPLAINTS AND CLAIMS

  1. The other party is obliged to inspect the purchased goods or to have the goods inspected immediately on receipt/delivery. The other party must check whether the delivered items correspond to the agreement, such as:
    –    whether the correct items have been delivered
    –    whether the quantity of the delivered goods accords with what has been agreed
    –    whether the items conform to the agreed quality requirements or – in the absence thereof – whether the items conform to the requirements governing suitability for normal use and/or for commercial purposes.
  2. Complaints in respect of defects (see 14-1) shall be stated by the other party on the proof of receipt/consignment note, under penalty of expiry
    of the right of complaint.
  3. Complaints in respect of non-visible defects should be lodged in writing by the other party to Versmissen Antiek B.V. within eight days of receipt of the goods.
  4. The right to complain of the other party shall lapse if it does not allow Versmissen Antiek B.V. to inspect the items that are subject to complaint in their original state. If it considers the complaint justified, Versmissen Antiek B.V. reserves the right, at its discretion, either to remedy the defects or to replace the delivered goods free of charge, following the return of the originally delivered items.
  5. Versmissen Antiek B.V. will only issue a guarantee on faulty construction and/or technical defects. Shrinkages/tears and suchlike in wooden products are not covered by the guarantee, as these are due to the natural physical properties of wood. For all other products, the principle “Sold as seen” applies, unless otherwise agreed.

ARTICLE 15:    PAYMENT

  1. Unless otherwise agreed, a deposit of 25% is required on submission of the order confirmation. The remainder is payable either net cash upon delivery, or by payment or transfer to a bank account nominated by Versmissen Antiek B.V. prior to delivery. Versmissen Antiek B.V. does not accept payments by cheque.
  2. Any payment made by the other party will primarily serve as payment of the interest due by it and debt collection costs and/or administrative expenses incurred by Versmissen Antiek B.V., and will subsequently be deducted from the oldest outstanding claim.
  3. In the event that the other party:
    a.  is declared bankrupt, assigns its estate, requests suspension of payments, or an attachment is levied on its entire assets or part of its assets;
    b.  dies or is placed under conservatorship;
    c.  imputably fails to comply with its statutory obligations, or acts in contravention of any provision terms and conditions;
    d. omits to pay an invoice or a part thereof within the stated term;
    e.  initiates or decides to halt its operations or transfer its business or a major part thereof, including the incorporation of its company in a newly to be established or existing company, or initiates changes to its corporate objectives;
  4. Versmissen Antiek B.V. reserves the right, by the mere existence of any of the aforementioned circumstances, either to consider the agreement dissolved without any notice of default or judicial intervention being required, or to claim immediate and full payment of any amount owed by the other party to Versmissen Antiek B.V. in respect of deliveries made by Versmissen Antiek B.V. without any warning or notice of default being required, without prejudice to the right of Versmissen Antiek B.V. to claim compensation for costs, damage and interests.

ARTICLE 16:  INTEREST AND COSTS

  1. If payment is not effected within the period mentioned in the preceding article, the contracting party shall be in default by operation of law and from the invoice date shall be subject to an interest charge of 5% per (part of) a month on the outstanding amount.
  2. All judicial and extra-judicial debt collection costs shall be borne by the other party. The extrajudicial debt collection costs owed by the other party shall amount to at least 15% of the principal amount owed, plus the aforementioned interest, the minimum being € 150.00.

ARTICLE 17:  DISPUTES

  1. All offers and agreements, including those concluded with other parties domiciled or residing overseas, shall be exclusively governed by the law of the Netherlands.
  2. Any disputes that may arise between the other party and Versmissen Antiek B.V. pursuant to the purchase agreement concluded between them, shall be submitted for arbitration to the competent court in the place of business of Versmissen Antiek B.V.