Terms & Conditions

APPLICABLE TO S&K Tool & Die Co., Inc. MOLD or DIE QUOTATIONS

Terms and Conditions of Sale: Please note that any PO terms that differ from those that appear on S&K Tool & Die Co., Inc.’s Quotation are null and void unless both parties have agreed upon them in writing from S&K Tool & Die Co, Inc.. All prices are based on costs and conditions existing on the date of the Quotation, and are subject to change by S&K Tool & Die Co., Inc. before final acceptance. Typographical errors are subject to correction. Purchaser assumes liability for patent, copyright infringement and product liability. When the Quotation specifies material to be furnished by the Purchaser, material must be of acceptable quality to facilitate efficient production. Conditions not specifically stated in Quotation shall be governed by established trade customs. Michigan mold lien Act applies to all sales. S&K Tool & Die Co., Inc. is to be recognized as a secured creditor in respect to physical molds and dies as well as the design thereof. S&K Tool & Die Co., Inc. reserves the right to scrap any molds, dies, tools and or materials after one year of inactivity without any notice.  For any invoices issued by S&K Tool & Die Co., Inc. related to the Quotation, a finance charge of 1.5% per month (annual percentage rate of 18%) will be charged on all amounts over thirty (30) days past due. If it becomes necessary for Innovative to collect unpaid sums (including partially or wholly unpaid invoices), the Purchaser agrees to pay all associated costs, including attorney fees. Innovative and Purchaser agree that any legal or equitable action for claims, debts or obligations arising out of, or to enforce the terms of the contract between S&K Tool & Die Co., Inc. and Purchaser, may be brought by S&K Tool & Die Co., Inc. in the Circuit Court for Kalamazoo County, Michigan, or in any district court located in Kalamazoo County, Michigan. S&K Tool & Die Co., Inc.  and Purchaser further agree that such court shall have personam jurisdiction over the parties, and venue of the action shall be appropriate.

APPLICABLE TO S&K Tool & Die Co., Inc. MOLD INVOICES

Terms and Conditions of Sale: A finance charge of 1.5% per month (annual percentage rate of 18%) will be charged on all amounts over thirty (30) days past due. Michigan mold lien Act applies to all sales. If it becomes necessary for S&K Tool & Die Co., Inc. to collect unpaid sums (including partially or wholly unpaid invoices), the Purchaser agrees to pay all associated costs, including attorney fees. S&K Tool & Die Co., Inc. and Purchaser agree that any legal or equitable action for claims, debts or obligations arising out of, or to enforce the terms of the contract between S&K Tool & Die Co., Inc. and Purchaser, may be brought by S&K Tool & Die Co., Inc. in the Circuit Court for Kalamazoo County, Michigan, or in any district court located in Kalamazoo County, Michigan. S&K Tool & Die Co., Inc. and Purchaser further agree that such court shall have personam jurisdiction over the parties, and venue of the action shall be appropriate.

Terms updated and posted October 24, 2023..