1. PRICES
    The price on the Buyer’s Purchase Order is effective for up to 6 months from the date of Fragrance Manufacturing Inc.’s (FMI) acceptance of it. If the products on the Purchase Order cannot be produced by FMI within 6 months’ time due to Buyer’s changes/requests or delays in components supplied by Buyer, FMI has the right to change the price due to changes in the price of FMI supplied components/materials of greater than 5%.  In that case, FMI will provide written notice to Buyer of the price increase and will supply documentation of such increase if requested.
  2. UNUSED MATERIALS
    In the event Buyer extends the requested date of product ordered beyond 6 months after FMI’s acceptance of the Purchase Order, Buyer shall assume the cost of any unused and expired raw materials or components that FMI purchased for the products.  In the event Buyer reduces or cancels a Purchase Order previously accepted by FMI, and FMI has purchased raw materials or components needed to meet said Buyer’s original Purchase Order, Buyer will purchase from FMI, at FMI’s cost, any unused raw materials or components which cannot otherwise be used by FMI in the rendering of services under this or other open Purchase Orders of Buyer to be produced in next 60 days or cannot otherwise be used by FMI for any other open Purchase Orders for other customers to be produced in next 60 days.  FMI’s cost for this purpose is the cost of the raw material or component plus the cost of freight to deliver those to FMI plus a 10% handling charge.  FMI will provide documentation of these costs if requested.
  1. PAYMENT
    FMI reserves the right to assess interest on any late payments from the date due until receipt of payment in full at the lesser of (a) one and one-half percent per month compounded monthly, or (b) the maximum rate permitted by law, and to charge Buyer for any collection or litigation expenses, including reasonable attorney’s fees incurred by FMI in the collection of late payment. In addition to any remedies under law, FMI may at its sole discretion suspend future deliveries or services until all delinquent payments due are received.

If you have any questions about these Terms, please contact us.