Invoice Terms and Conditions (For U.S. Customers)

Customer agrees to purchase and accept AngioAdvancements' products in accordance with these terms and conditions. AngioAdvancements objects to and rejects any and all terms proposed by Customer, whether contained in Customer’s purchase order or elsewhere. If AngioAdvancements and Customer have signed a separate, written agreement governing Customer’s purchase of AngioAdvancements products (a “Contract”), then the terms of that Contract shall govern to the extent that they are inconsistent with these terms and conditions.

Prices and Taxes

Prices are in U.S. Dollars and exclude all taxes, duties or assessments (“Taxes”). Any Taxes which AngioAdvancements may be required to pay or collect may be added to each invoice or separately invoiced by AngioAdvancements and shall be promptly paid by Customer.

Payment

Customer shall make full payment for all products within 30 days of the invoice date without any offsets or credits, unless otherwise agreed in writing by AngioAdvancements. AngioAdvancements may suspend production, shipment or delivery of any additional products until all past due payments are made. Past due invoices shall bear interest at the rate of one and one-half percent per month, but not in excess of the maximum lawful rate, until paid in full.

Title; Shipping and Storage Charges

Title to the products and risk of loss shall pass to Customer at AngioAdvancements’ shipping point. Customer shall be responsible for all shipping and insurance charges, and AngioAdvancements assumes no liability in connection with shipment. No carrier shall be deemed to be an agent of AngioAdvancements. Freight charges are based on standard rates before volume or other discounts. Customer shall pay freight charges either by providing AngioAdvancements with Customer’s Fedex or UPS shipper number so that Customer is charged directly or by paying freight charges added to the invoice. AngioAdvancements shall have the right to assess a storage and handling charge for products left in AngioAdvancements’ possession after notification to Customer that the products are available to ship. Products held for Customer due to such delay shall be held at Customer’s risk.

Time of Shipment and Shipping

Lead time requirements and delivery dates will vary according to manufacturing and other conditions. Each shipment shall be considered a separate sale.

Security Interest

Until the purchase price for the products has been paid in full, Customer grants AngioAdvancements a security interest in the products, together with any sale proceeds received by Customer and Customer’s accounts receivables. Customer authorizes AngioAdvancements to file any necessary financing statements or other documents to evidence and perfect such security interest.

Cancellation of Purchase Orders

Purchase orders may be cancelled for non-custom products within the same business day, provided that the order has not yet been processed. Purchase orders are non-cancellable for custom products and custom volumes once production of the custom order has been started.

Product Returns

All returns are subject to AngioAdvancements’ prior written approval and shall be governed by AngioAdvancements’ Product Return Policy (“Return Policy”) in effect at the time of such return. The Return Policy is available upon request and may change from time to time. AngioAdvancements reserves the right to evaluate all requested returns, and its decision concerning defects shall be conclusive. If returned products are determined to be defective, AngioAdvancements will then, at its option, either repair or replace such products or credit Customer’s account in the amount of the original invoice price. If products are returned as defective but are determined by AngioAdvancements not to be defective, then Customer will remain liable for the purchase price plus all shipping and other charges.

Sterile Products may not be returned unless they are determined by AngioAdvancements to be defective. 

Recall

In the event AngioAdvancements is required by a regulatory agency to recall products, or AngioAdvancements voluntarily initiates a recall of products, Customer agrees to cooperate with and assist AngioAdvancements in locating and retrieving the recalled products. Customer shall promptly report to AngioAdvancements any complaints or other information regarding the products of which it becomes aware that could reasonably be expected to lead to recall or other regulatory action.

Default

Customer shall be in default hereunder if any one or more of the following events occur: (a) Customer shall fail to pay timely pay any amounts due to AngioAdvancements or to timely perform any of its obligations to AngioAdvancements; (b) a receiver, liquidator or trustee of Customer, or any of its property, is appointed by court order; (c) Customer is adjudicated bankrupt or insolvent; (d) any property of Customer is sequestered by court order; (e) a petition is filed by or against Customer under any bankruptcy, reorganization, dissolution or liquidation law of any jurisdiction; (f) Customer becomes insolvent; or (g) in the event that delivery is dependent on Customer’s cooperation, Customer fails to cooperate in effecting delivery at the time agreed upon, or absent such agreement, at the time fixed by AngioAdvancements. In the event of any such default, all unpaid payments shall become immediately due and payable and AngioAdvancements shall have the right to consider its agreement with the Customer cancelled and to recover damages and shall further have all rights and remedies provided by applicable law.

Confidential Information

In connection with Customer’s purchase of products from AngioAdvancements, AngioAdvancements may disclose to Customer confidential information of AngioAdvancements, including without limitation, information pertaining to customers, vendors, products, product specifications, designs, technology and concepts, pricing, finances, business, marketing, plans and  sales, which is the confidential, proprietary information of AngioAdvancements (the “Confidential Information”). Customer shall not, under any circumstance, use, disclose or make available to any person or entity any of AngioAdvancements’ Confidential Information except for the limited purpose of the transactions contemplated by Customer’s order of product from AngioAdvancements. Customer agrees that it shall never use or exploit any such Confidential Information to the detriment of AngioAdvancements.

Limited Warranty and Disclaimer

AngioAdvancements represents and warrants that the products shall materially conform to the specifications at the time of shipment to Customer and will remain materially free of defects in materials and workmanship for the period specified on the written limited warranty separately provided with each product. This warranty shall not apply to products that have been (i) modified, changed, repaired, refurbished, reprocessed, or altered by anyone other than AngioAdvancements; (ii) subjected to misuse, mishandling, re-use, re-sterilization, accident, abuse, neglect or tampering; (iii) damaged by excessive physical, environmental or electrical stress; or that have had a serial number altered, defaced or removed; (iv) combined with any other product; (v) used outside the approved “Indications for Use” as cleared by the relevant competent authority, used contrary to the use outlined in the product specifications or in an application or environment for which such product was not designed or contemplated. Any technical product advice furnished by AngioAdvancements is provided without duty or compensation and AngioAdvancements assumes no obligation or liability, all such advice being given and accepted at Customer’s risk. EXCEPT AS EXPRESSLY SET FORTH HEREIN ANGIOADVANCEMENTS MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, TO CUSTOMER, ITS END-USERS OR ANY THIRD PARTIES WITH RESPECT TO THE PRODUCTS. ANGIOADVANCEMENTS DISCLAIMS AND EXCLUDES ANY AND ALL OTHER EXPRESS, IMPLIED, AND STATUTORY WARRANTIES, INCLUDING WITHOUT LIMITATION, WARRANTIES AGAINST INFRINGEMENT, AND THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

Limitation of Liability

UNDER NO CIRCUMSTANCES SHALL ANGIOADVANCEMENTS BE LIABLE TO CUSTOMER OR ANY OTHER PERSON OR ENTITY FOR ANY PUNITIVE, SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES, WHETHER BASED UPON LOST GOODWILL, LOST PROFITS, WORK STOPPAGE, PRODUCT FAILURE, IMPAIRMENT OF OTHER PRODUCTS OR OTHERWISE AND WHETHER IN A CONTRACT, TORT OR OTHER ACTION FOR OR ARISING OUT OF BREACH OF WARRANTY, BREACH OF CONTRACT, DELAY, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE.

Force Majeure

In the event AngioAdvancements’ performance is delayed or made impossible or commercially impracticable due to causes beyond AngioAdvancements’ reasonable control, such as natural disaster; pandemics; increased costs of materials and/or supplies; fire; explosion; shortages of energy sources, facilities, material or labor; delay or lack of transportation; temporary or permanent plant shutdown; breakdown or accident; or compliance with or other action taken to carry out the intent or purpose of any law, regulation or other requirement of any governmental authority, then AngioAdvancements shall have additional time to perform this contract as may be reasonably necessary under the circumstances. However, the obligation of Customer to pay for delivered products is never suspended. In addition, if AngioAdvancements is unable to produce sufficient products to meet all demands from customers and internal uses, AngioAdvancements shall have the right to allocate production among its customers in any manner which AngioAdvancements determines to be equitable.

Export/Import Controls

Customer will comply fully at all times with all applicable laws, including obtaining licenses and other import certifications. Customer will not assist or engage in the diversion of products to any country to which the U.S. has embargoed or restricted the export of goods or services. Customer agrees not to export or re-export U.S.-origin products to any person or entity that has been prohibited from participating in U.S. export transactions by any agency of the U.S. government. Customer represents and warrants that neither the U.S. Bureau of Export Administration nor any other U.S. federal agency has suspended, revoked, or denied its export privileges.

FCPA

Customer represents and warrants that it will comply fully at all times with the U.S. Foreign Corrupt Practices Act and shall not offer, promise or give, directly or indirectly through a third party or otherwise, anything of value to any government official, political party official or candidate, or any relative, business associate or employee thereof, for the purpose of obtaining or retaining any business involving AngioAdvancements or its products.

Regulatory Compliance

Each party will comply with all applicable laws, regulations, rules, requirements or ordinances of all governmental authorities, including but not limited to ISO requirements, the U.S. Food and Drug Administration, or its foreign equivalent, applicable to the use, re-use, manufacture, sale, distribution, transportation, exportation or importation of products for its particular roles and responsibilities hereunder.

Miscellaneous

All notices shall be in writing. Customer may not assign its rights or obligations hereunder without the prior written consent of AngioAdvancements, which consent shall not be unreasonably withheld. These terms and conditions shall be binding upon and inure to the benefit of the parties, their successors and permitted assigns. AngioAdvancements and Customer are independent contractors, and their relationship is not one of principal and agent. Waiver by AngioAdvancements of any breach of these provisions shall not be construed as a waiver of any other breach. These terms and conditions shall be interpreted and enforced in accordance with the internal laws of the State of Florida and Customer hereby submits to the personal jurisdiction of the state or federal courts situated in Lee County, FL. If AngioAdvancements has to take legal action to collect any amount due hereunder or to enforce these terms and conditions, Customer shall pay all court costs plus reasonable attorneys’ fees incurred by AngioAdvancements in bringing such legal action. If any provision of these terms and conditions is held by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, such adjudication shall not affect or modify any other provision of these terms and conditions. The U.N. Convention on the International Sale of Goods ("CISG") does not apply to the purchase of products. The parties hereby incorporate the requirements of 41 C.F.R §§ 60-1.4(a)(7), 60-250.5(d) and 60-300.5(d), if applicable.