1. Terms and conditions

Following conditions are valid for all orders and deliveries from Bona AB Sweden - place of performance and jurisdiction shall be Malmö/Sweden. Through placement of orders, the buyer accepts these terms and conditions.

2. Legal relationship of the parties

The Distributor shall buy the products as an independent wholesaler and shall sell the products in its own name, for its own account and on its own risk. The Distributor may not in any respect represent Bona or enter into any agreement or other commitment on its behalf.

3. Orders from the Distributor

The Distributor shall order the products. Any order shall be specified in accordance with instructions to be provided by Bona in writing in advance in order to ensure secure and correct deliveries.

4. Time of Delivery

Time of delivery shall be stated in an order confirmation. Unless otherwise agreed in writing, goods are sold FCA Limburg (Incoterms 2010). For sales against letter of credit, time of delivery will be calculated from the day when Bona AB has received the letter of credit. Minimum time of delivery is 15 working days.

5. The Distributor's sales efforts

The Distributor undertakes to market and sell the products actively and with the care and diligence required to achieve good sales results. The Distributor shall at his own cost create and maintain a suitable sales and service organization throughout the whole territory.

6. Trade marks and other industrial property rights

The Distributor shall only use Bona’s trade marks and product names when marketing the products. Bona retains the property rights of all delivered goods until complete payment.

7. Customers outside the territory

The Distributor shall refrain from active sales of the products (e.g. through advertising, establishing of any branch or any distribution depot) on markets outside the territory reserved to other distributors or Bona AB. The Distributor shall not appoint sub distributors without the prior written approval by the Bona AB.

8. Payments

All payments for products delivered shall be made in EUR at the Supplier's place of business. The Distributor shall pay all products in advance, unless otherwise agreed in writing. The supplier may, but is not legally bound to, grant the Distributor extended time for payment subject to separate agreements between the parties.
In the event that the Distributor at any time should fail to make paymet in full on the due date Bona shall be entitled to claim interest on the sum overdue until payment is made at the rate of 10% per annum.