TERMS & CONDITIONS

General Terms and Conditions of Business

1. DEFINITIONS AND INTERPRETATION

In these General Terms of Sale the following terms have the following meanings unless the context requires otherwise:

‘Affiliated Companies’ means, in relation to the Company, a company in which the Company has a direct or indirect controlling interest, or any holding company of the Company and any company in which that holding company has a direct or indirect controlling interest. ‘Business Day’ means a day from Monday to Friday which banks are open for business in England; ‘Buyer’ means the corporate entity firm or a person from whom the Company accepts an order for goods. ‘Company’ means Pliteq (UK) Limited. ‘Contract’ means the agreement made between the Buyer and the Company for the supply of goods which agreement shall be subject to these General Terms of Sale. ‘Delivery’ means delivery of any goods to the Buyer or to a carrier arranged by the Buyer or by the Company (at the request of the Buyer). ‘Insolvency Event’ means:

  • (where the Buyer is a company) the Buyer convenes a meeting of its creditors or a proposal is made for a voluntary arrangement within part 1 of the Insolvency Act of 1986 or a proposal is made for a composition, scheme or arrangement with (or assignment for the benefit of) its creditors or if the Buyer is unable to pay its debts within the meaning of the section 1.3 of the Insolvency Act 1986 or a trustee, receiver, administrative receiver or similar officer is appointed in respect of all or a part of the business or assets of the Buyer or a petition is presented or a meeting is convened for the purpose of considering a resolution or other steps are taken for the winding up of the Buyer or for the making of an administration order;
  • (where the Buyer is an individual or partnership) the Buyer (or in the case of a partnership any of the partners) dies or is made bankrupt or is unable to pay his or her debts within the meaning of secti