Terms and Agreement

This Terms and Agreement document ("Agreement") governs the use of services provided by Doctor Components ("Company"), including but not limited to ex-stock liquidation, urgent component support, and Bill of Materials (BOM) cost optimization. By engaging our services, the client ("Client") agrees to comply with the terms and conditions outlined herein.

Doctor Components offers the following services:

• Ex-Stock Liquidation: Assessment, valuation, and liquidation of surplus electronic components.
• Urgent Component Support: Rapid sourcing and delivery of critical electronic components.
• BOM Cost Optimization: Analysis and reduction of component costs through strategic sourcing.

• Scope of Services: The scope of services will be defined in the service agreement or work order provided to the Client.
• Delivery: The Company will make every effort to deliver services in a timely manner as agreed upon with the Client.
• Customization: Services may be tailored to meet specific Client requirements, subject to mutual agreement.

• Service Fees: Fees for services will be detailed in the service agreement or invoice.
• Payment Terms: Payments are due within 30 days of the invoice date unless otherwise specified.
• Late Payments: Late payments may incur interest at a rate of 1.5% per month or the maximum rate allowed by law.

• Information Accuracy: The Client is responsible for providing accurate information necessary for service delivery.
• Cooperation: The Client must cooperate with the Company to facilitate timely service delivery, including providing access to relevant resources and information.

• Confidential Information: Both parties agree to maintain the confidentiality of any proprietary information disclosed during the course of service.
• Non-Disclosure: Confidential information will not be disclosed to third parties without prior written consent, except as required by law.

• Limitation of Liability: The Company’s liability for any claims arising from this Agreement is limited to the total fees paid by the Client for the relevant services.
• No Warranties: Services are provided "as is" without any warranties, express or implied, including but not limited to merchantability or fitness for a particular purpose.

• Termination for Convenience: Either party may terminate this Agreement for convenience with 30 days' written notice.
• Termination for Cause: The Company may terminate this Agreement immediately if the Client breaches any term of this Agreement.

• Ownership: All intellectual property rights in materials developed during the course of service delivery belong to the Company unless otherwise agreed in writing.
• License: The Client is granted a non-exclusive, non-transferable license to use the delivered materials for internal purposes only.

The Company is not liable for delays or failures in performance due to causes beyond its reasonable control, including but not limited to natural disasters, acts of war, or labor disputes.

This Agreement is governed by and construed in accordance with the laws of District Meerut Jurisdiction without regard to its conflict of laws principles.

• Negotiation: Parties will attempt to resolve disputes through good-faith negotiations.
• Arbitration: If negotiations fail, disputes will be settled by binding arbitration in accordance with the rules of the [Arbitration Association] in [Your Jurisdiction].

This Agreement may be amended only in writing and must be signed by authorized representatives of both parties.

This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, related to the subject matter hereof.

Notices under this Agreement must be in writing and delivered to the parties' respective addresses as specified in the service agreement or as updated in writing.

If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will continue in full force and effect.

By engaging Doctor Components' services, the Client acknowledges and agrees to the terms and conditions set forth in this Agreement.