Payment Terms: Purchaser must pay purchase price in full prior to shipment. Terms of payment are net cash in United States dollars, prior to shipment, to MMI's place of business, unless otherwise specified on the accompanying quote/invoice form. Purchaser shall pay MMI a late penalty on all amounts over 30 days past due computed on an interest rate equal to 18% per annum. Purchaser shall also be liable for any and all costs and expenses incurred by MMI arising out of or in connection with efforts by MMI to collect any unpaid amounts, including attorney or collection agency fees and expenses. Title to this equipment or merchandise shall not pass to Purchaser until payment of the purchase price is made in full. Buyers purchasing used machine tools "as is, where is with all faults" unless otherwise agreed to in written terms with authorization from MMI managing member.
Taxes: Prices do not include any federal, state or local taxes, which are in addition to the purchase price and must be paid by Purchaser. Any and all foreign duties and taxes are the responsibility of Purchaser. Unless Purchaser furnishes MMI with a tax exemption certificate, any sales, use, excise, or other similar tax shall be the responsibility of Purchaser. In the event that Purchaser either fails to pay the tax or other charges as agreed or fails to provide a valid exemption certificate, Purchaser agrees to indemnify and hold MMI harmless from any liability and expense by reason of Purchaser's failure.
Design: MMI is not responsible for machine tool design, specification, tolerances or engineering and will not, under any circumstances, provide any warranty indemnification or other liability or obligation with respect to Products to the extent related to or arising out of the design, specification, tolerances or engineering of such Products.
No Warranty: ALL USED EQUIPMENT AND MERCHANDISE SOLD BY MMI IS SOLD "AS IS, WHERE IS, WITH ALL FAULTS," WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, EXCEPT AS EXPRESSLY PROVIDED IN A WRITTEN AGREEMENT AUTHORIZED BY MMI OR AS OTHERWISE REQUIRED BY APPLICABLE LAW.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, MMI DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
MMI makes no guarantee regarding the condition, functionality, accuracy of specifications, tolerances, performance, or suitability of any equipment or merchandise for Purchaser's intended use. It is the responsibility of Purchaser to inspect the equipment and determine whether it meets Purchaser's requirements prior to purchase.
No salesperson, representative, or other agent of MMI has the authority to make warranties or representations that modify these terms unless expressly authorized in writing by MMI.
Any equipment-specific warranty or repair coverage offered by MMI shall apply only when explicitly stated in the applicable written purchase agreement or invoice and shall be subject to the conditions and limitations specified therein.
Return & Refund Policy: ALL SALES OF USED EQUIPMENT AND MERCHANDISE ARE FINAL. ALL EQUIPMENT IS SOLD "AS IS, WHERE IS, WITH ALL FAULTS," WITH NO RETURNS, EXCHANGES, OR REFUNDS, EXCEPT AS EXPRESSLY AGREED TO IN WRITING BY MMI OR AS OTHERWISE REQUIRED BY APPLICABLE LAW.
Due to the pre-owned nature of the equipment sold, MMI does not guarantee its condition, performance, suitability, or continued operation. Purchaser acknowledges that used equipment may exhibit wear, defects, missing components, or other conditions associated with prior use.
Purchaser is solely responsible for inspecting, evaluating, and verifying the condition, specifications, functionality, and suitability of equipment before completing a purchase. MMI strongly encourages all purchasers to conduct an on-site inspection prior to purchase.
Any warranty, repair arrangement, return authorization, or other exception to this policy must be expressly stated in writing and authorized by MMI. No verbal representation or agreement shall modify this policy.
Certain equipment may qualify for MMI's "30 Day Return Repair" program only when expressly approved and identified on the applicable invoice or written purchase agreement. Any such coverage shall be subject to the specific terms, conditions, limitations, and eligibility requirements stated in that agreement.
In the event MMI authorizes a return in writing, Purchaser shall be responsible for all associated rigging, dismantling, preparation, loading, transportation, shipping, and insurance expenses unless otherwise expressly agreed in writing. Any authorized refund shall be subject to the specific terms of the written return authorization.
Hazardous Materials: Purchaser understands that the equipment or merchandise sold hereunder have been used by persons other than MMI. Purchaser is warned and acknowledges that such equipment or merchandise may bear or contain hazardous chemicals or other hazardous materials which may be directly or indirectly hazardous to life, to health, or to property. Purchaser does hereby discharge MMI from any and all liability directly or indirectly resulting from the presence of the aforesaid chemicals or materials.
Inspections: Upon reasonable notice to MMI, Purchaser shall have the right to inspect the merchandise and equipment at location during normal business hours prior to time of shipment. MMI STRONGLY RECOMMENDS THAT PURCHASER CONDUCT AN ON-SITE INSPECTION OF THE EQUIPMENT AND MERCHANDISE SOLD HEREUNDER. MMI SHALL NOT BE RESPONSIBLE FOR THE CONSEQUENCES OF PURCHASER'S FAILURE TO INSPECT THE EQUIPMENT OR MERCHANDISE OR FOR ANY INACCURACIES, INSUFFICIENCIES, OR OMISSIONS IN SUCH DESCRIPTIONS, SAMPLES, TOLERANCES AND/OR SPECIFICATIONS.
Modifications/Severability: Purchaser acknowledges that these are the only Terms and Conditions of sale, and is intended by the parties as a complete and exclusive statement of the terms of their agreement. This supersedes all prior agreements, written or oral. The agreement of which these terms are a part can be modified or rescinded only in writing signed by MMI. If any provision of the invoice or these Terms and Conditions is determined illegal or unenforceable, it shall not affect the enforceability of any other provision or paragraph of the invoice or these Terms and Conditions.
Shipping, Rigging & Logistics: MMI may assist Purchaser and Seller in coordinating shipping, transportation, rigging, loading, dismantling, decommissioning, and other logistics services associated with the purchase and removal of equipment or merchandise. Such assistance is provided solely as a courtesy and coordination service and does not relieve Purchaser of responsibility for arranging, managing, and completing such services.
Unless otherwise expressly agreed to in writing by MMI, Purchaser shall be solely responsible for all costs, arrangements, and obligations associated with the removal, dismantling, decommissioning, rigging, loading, transportation, shipping, delivery, and insurance of purchased equipment or merchandise.
All equipment is sold "AS IS, WHERE IS, WITH ALL FAULTS" at its existing location. Unless otherwise specified in writing, all freight is Ex Works/Ex-Source/Ex-Site, and Purchaser shall bear the risk of loss or damage in accordance with the applicable shipping terms and governing law.
To the fullest extent permitted by applicable law, MMI shall not be responsible or liable for delays, damages, losses, or additional expenses arising from shipping, transportation, rigging, loading, dismantling, decommissioning, or other logistics activities performed by Purchaser, Seller, or third-party service providers.
All third-party rigging companies, freight carriers, and transportation providers are responsible for maintaining their own applicable insurance coverage. Purchaser is responsible for verifying the adequacy of such coverage and for addressing claims for loss or damage with the responsible service provider or insurer, as applicable.
Any assistance provided by MMI in recommending, communicating with, or coordinating third-party logistics providers shall not constitute a guarantee of their performance, availability, pricing, insurance coverage, or services.
Purchaser is responsible for ensuring that all logistics and equipment removal activities comply with applicable laws, regulations, and site-specific safety requirements.
Limitation of Remedies: No claim arising out of or relating to this agreement shall be greater in amount than the purchase price of the merchandise or equipment in respect of which such damages are claimed. Failure to give notice of claim within thirty (30) days from the date of delivery or the date fixed for delivery shall constitute a waiver by Purchaser of all claims in respect of such merchandise. The remedy hereby provided shall be the exclusive and sole remedy of Purchaser and any right to consequential and incidental damages is excluded.