PEER Chain Company Warranty Policy
Seller warrants the Goods will be free from defects in materials and workmanship under normal use and proper maintenance for a period of one year from date of shipment, provided that the application of the Good was approved by Seller and the defective Good is returned to Seller for analysis. Merchandise proven defective by both parties will be replaced or repaired, no charge, FOB original shipping plant, with freight prepaid and allowed. No charges for field corrections shall be allowed nor merchandise returned for credit unless authorized in writing by an authorized Peer Chain representative. UNDER NO CIRCUMSTANCE SHALL SELLER BE LIABLE TO BUYER FOR ANY SPECIAL, CONSEQUENTIAL, PUNITIVE , INDIRECT OR INCIDENTAL LOSS OR DAMAGE OF ANY KIND, HOWSOEVER CAUSED, INCLUDING BUT NOT LIMITED TO SUCH TYPE OF DAMAGE AWARD TO THIRD PARTIES AGAINST BUYER, LOSS OF PROFITS AND LOSS OF REVENUE, DOWNTIME LOSS, ARISING DIRECTLY OR INDIRECTLY IN RESPECT OF THE SUPPLY OF GOODS HEREUNDER, EVEN IF SELLER IS AWARE OF THE POSSIBILITY OF SUCH LOSSES, AND WHETHER SUCH CLAIM IS BASED IN CONTRACT, TORT, NEGLIGENCE OR STRICT LIABILITY. Our liability is limited to the cost of repair or replacement of the Goods. In no event shall the aggregate liability of Seller under or as a result of these terms exceed the total revenue actually collected by Seller from Buyer for the Goods purchased hereunder on which liability is asserted. Any action for the breach of this warranty must be commenced within one year after the cause of action has occurred. SELLER MAKES NO OTHER WARRANTY OR GUARANTEE OF ANY KIND WHATEVER EXPRESS OR IMPLIED. ALL IMPLIED WARRANTIES OF MERCHANT ABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE HEREBY DISCLAIMED BY THE SELLER AND EXCLUDED FROM THIS AGREEMENT.
Revised July 2014 Rev. 2.