MODELEC - PRICELIST 2023

GENERAL TERMS AND CONDITIONS OF SALE
4. PRICES
All our prices are expressed in euros, net of taxes. They shall be invoiced on the basis of the tariff in force upon the
date of ordering, subject to the addition of VAT at the statutory rate.
Modul Distribution shall reserve the right to modify its tariffs at any time.
The published price of Products shall be notified in response to a simple request, in hard copy or PDF format.
5. TERMS OF SETTLEMENT
In the event of an order for delivery to a country other than mainland France, the Client shall be the importer of
the Product(s) concerned. Customs duties or other local taxes, import duties or national government taxes may be
enforceable. These duties and payments shall not be the responsibility of Modul Distribution. They shall be assumed
exclusively by the Client, with respect to both declarations and payments to the competent authorities and organizations
in the country of destination. The final price will depend upon the applicable INCOTERM for the Client, which
will define the distribution of logistical and administrative costs between the Client and Modul Distribution.
If Modul Distribution allows a discount for payment in cash, the conditions for this discount shall be entered on the
invoice.
When a client account is created, orders will be settled at the time of ordering (prepayment).
This mode of payment may be subject to change, in the event of the conclusion between the Parties of a written agreement
for derogation therefrom. In this case, the due date for settlement shall be that indicated on the invoice.
In all cases, terms conferred shall not exceed those indicated in Article L.441-10 of the Commercial Code, namely, 45
days from the month-end or 60 days from the date of invoicing.
Settlement of orders shall be completed by bank transfer only.
Moreover, the term of validity of credits issued by the company shall be one year with effect from the date of issue
thereof. No credit issued by the company which dates back more than one year shall give rise to any deduction in conjunction
with a settlement or reimbursement.
6. DEFAULT OR ARREARS IN SETTLEMENT
In the event of any default or arrears in settlement, Modul Distribution shall be entitled:
- To immediately suspend the delivery of orders pending;
- To require the settlement of a delay penalty, to an amount equal to three times the statutory interest rate;
- To require the immediate settlement of all invoices, whether due for payment or otherwise;
- To require settlement in respect of all orders pending, prior to delivery;
- To initiate action at law for the recovery of sums due, which shall be subject to the addition of the above-mentioned
interest on arrears, under the terms of a penalty clause, which shall be fixed at 20% of outstanding capital and interest,
plus legal costs;
- To cancel the sale, and to require the settlement of compensation.
Any sums received shall be automatically offset against the oldest invoices outstanding, even if the amount thereof
corresponds to other invoices.
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