a. Statutory compliance:
The supplier is expected to comply with necessary Statutory requirements as applicable to them under various laws of the country.
In case of any non-compliance which may have eventful impact on the Company, the company has the sole discretion to rescind the agreement and shall not be liable for any loss, damages or other costs suffered by the Supplier in such event.
b. Small scale industry (MSME Registration):
If the supplier is registered as MSME unit, it will be supplier's responsibility to disclose it to the company to ensure compliance with disclosure requirements under the Companies Act 2013. The vendor's registration number will be invariably endorsed on all invoices and a copy of the vendor's MSME registration certificate will be provided to the company to ensure compliance with disclosure requirements under the Companies Act 2013.
c. Purchase orders:
Approved purchase orders sent to Supplier either in writing or through mail would only be binding upon the company.
The supplier is required to confirm the Purchase order within 1 day from the date of receipt. In case of no confirmation received within 3 days, it is deemed that the supplier has accepted the purchase order.
In case of any failure on the part of supplier to fulfill the purchase order, the company has the right to claim upon the Supplier for any loss, damages or other costs suffered by the company for such non-fulfillment.
Goods processes and supplier against the orders must be properly packed and dispatched.
If the Supplier fails to deliver the goods within the agreed time, it is the sole discretion of the KH to either accept the Delivery or cancel the Order and recover any Loss or damage from the Supplier.
f. Force Majeure:
The company shall be under no liability for failure to accept the deliveries of goods, if such acts of failure are due to any act of God, fire, earthquake, floods, or any natural calamities or transportation embargoes, civil commotion, riots, violence, acts of terrorists, state enemies, or any other similar reasons or circumstances beyond the control of the company.
All materials received will be subjected to Inspection by the Company at the time of Delivery of the goods. The company has sole discretion to reject the materials received based on such inspection. The company under no circumstances will liable or held accountable for any loss, damage or other costs on account of such rejections.
h. Invoices & Bills:
The supplier must submit the Invoices in Triplicate duly bearing the Supplier's GST registration, Description of materials, Quantity, Purchase order and Total value and duly approved by the Supplier or the authorized signatory. Bills should be submitted along with the delivery of the Goods.
The payment shall be made to the Supplier as per the Agreed terms.
The company has the right to terminate the contract in case of breach of any of the terms and conditions , breach of code of conduct policy of the company and any act of the Supplier which is against the trust and goodwill of the company.
The company would be delivering a 30 days' notice in advance and any orders taken prior to such notice shall be obliged by the company.
k. Data Privacy:
In the course of business, the Company may collect personal information of the Supplier, its employees, directors and officers.
The Purchaser may disclose and transfer personal information of the Supplier, its employees, directors and officers to regulators and to its customers, suppliers, contractors, employees, service providers and affiliated companies.
Supplier consents to the Purchaser collecting, using, disclosing and transferring such personal information as outlined above.
g. Financial terms
1) Rates should be as per agreed Rate contracts signed up and cannot be revised upward unless on Mutual agreement.
2) Every Vendor enrolled shall be adhering to Code of Conduct policy of the company. No dealings in any form by Cash/ Kind or sponsorship with key stakeholders like Employees, Doctors etc.
Any violations in this regard will result in de-empanelment as a Vendor of Kauvery and will be strictly adhered to without any deviations.
Payment terms shall be standardized (for Pharmacy at 60 days) and Consumables @ 90 days.
The Company reserves the right to change the general terms and conditions at its sole discretion from time to time