|ttv gmbh – General Terms and Conditions (GTC) of Delivery and Payment
All contractual relationships shall be governed by German law.
2. Acknowledgement of orders, Quantity deviation
Any order submitted by the buyer shall only be deemed to be accepted, if and after having been confirmed by ttv in writing.
3. Samples, Molds, Fixtures, Programs, One-time Charges
ttv reserves the right to charge for samples and prototypes. Samples must not be made available to competitors, must not be counterfeit, or replicated.
Notification of defects must be submitted in writing within 10 days after date of ttv`s delivery note.
Force majeure, illness, engine trouble/breakdown, shortage of raw materials, etc. shall entitle ttv to postpone or cancel the delivery partly or entirely. Delivery times are approximate and to be counted from date of order acknowledgment.
Unless otherwise agreed upon in writing, payments by the buyer shall be effected within 14 days at a discount of 2%, but net no later than 30 days after date of invoice.
Cost for molds and fixtures is due net: 50 % upon placing the order and 50 % after submitting sample parts produced from these molds and fixtures.
7. Reservation of proprietary rights
ttv reserves all proprietary rights for all goods delivered until after the buyer has paid their respective invoice in full and in accordance with GDC 6. These rights extend also to goods in subsequent processing and to those already sold to customers.
8. Place of Fulfillment and Jurisdiction shall be Munich for both parties.