Terms & Conditions

PRODUCTS

1. Definitions

Advise

assistance, information, opinion, recommendation or advice concerning, or in connection with connections, accessories, Goods or Services (including, without limitation, string design, material selection, torque and drag analysis, fatigue analysis and any other analysis or calculus either simple or complex such as finite element analysis related to tubular material, body, connections or both).

Affiliate

of any specified person: any other person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified person. For the purposes of this definition, control when used with respect to any specified person means the power to direct the management and policies of such person directly or indirectly, through the ownership of voting securities or the right to elect the majority of the members of the board of directors of such person; and the terms controlling and controlled have meanings correlative to the foregoing.

Agreement

the contract relating to the sale of Goods or performance of Services binding the Parties upon Customer’s express or implied acceptance of Supplier’s commercial offer/quotation (Supplier’s proposal terms including these Terms for the sale of Goods or performance of Services).

Confidential Information

any confidential, non-public information, documentation, research and development information, technologies, intellectual properties, software, patents, trade secrets, proprietary information, technical or non-technical information or data in written, oral, tangible or intangible form including information stored in or transmitted by computer disc, electronic transmission or other storage or transmission medium, in whatever form or medium provided, consisting of, without limitation, the following: Supplier’s, its subcontractor’s and/or its or their Affiliates’ business or operations information, records or data; engineering or technical data; lists or sources of potential customers; product pricing lists, profit margins, price structure and data, including production, manufacturing, shipping and related cost information; business plans and development strategy; software (including engineering and technical software), formulas, patterns, designs, concepts, drawings, specifications, methods or plans relating to the business and operations of Supplier, its subcontractor’s and/or its or their Affiliates and all technology, intellectual property (whether protected by patent or copyright or not), data, information, or software, in any form whatsoever including information relating to the activities of Supplier, its subcontractor’s and/or its or their Affiliates; and all information generated by Customer which is derived from, contains, reflects, or incorporates the foregoing.

Customer

the person to whom Goods or Services are provided under the Agreement, including its successors and assigns.

Goods

the goods to be provided in accordance with the Agreement. Intellectual Property: all rights over inventions, patents, utility models, copyright and related rights, trademarks, service marks, trade names, domain names, industrial designs, computer software, databases, integrated circuit topographies, confidential information, know-how, trade and industrial secrets, and any other intellectual property rights, in each case whether registered or unregistered and including all applications for and renewals, continuations, substitutions, revalidations, reissues or extensions of such rights, and all similar or equivalent rights or forms of protection in any country or region of the world.

NORM

naturally occurring radioactive material.

Order

the document issued by Customer requesting the supply of Goods or the performance of Services.

Order Acknowledgment

the acknowledgment form containing these Terms delivered by Supplier to Customer in response to an Order.

Parties

collectively, Customer and Supplier.

Services

the services to be provided as specified in the Agreement. Services do not include technical running assistance or running services, or, unless agreed otherwise, threading services.

Supplier

the company providing Goods or Services under the Agreement.

Terms

these general terms and conditions for the supply of Goods or performance of Services.

2. Entire Agreement

2.1 The Agreement represents the entire agreement of the Parties in relation to the sale of Goods or the performance of Services, and supersedes any and all prior agreements with respect to the subject matter thereof. Customer’s acceptance of Supplier’s offer or quotation containing these Terms, or receipt of an Order Acknowledgement without giving written objection thereto within documentation, research and development information, technologies, intellectual five (5) business days from receipt of the same shall constitute acceptance by Customer of the Agreement.

2.1 The Agreement represents the entire agreement of the Parties in relation to the sale of Goods or the performance of Services, and supersedes any and all prior agreements with respect to the subject matter thereof. Customer’s acceptance of Supplier’s offer or quotation containing these Terms, or receipt of an Order Acknowledgement without giving written objection thereto within documentation, research and development information, technologies, intellectual five (5) business days from receipt of the same shall constitute acceptance by Customer of the Agreement.

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