Liability agreement 2026

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The document is a Material Liability Agreement between Telocity, Inc. and Wellex Corporation, outlining the terms for purchasing Long Lead Time and Non Cancelable Non Returnable components based on Telocity's product forecast. It specifies that Telocity is fully liable for all engineering changes and material costs, including handling charges or cancellation fees if forecasts or orders are modified. Wellex will issue purchase orders to suppliers based on agreed quantities and delivery dates, while Telocity must provide timely purchase orders. If delays occur beyond a specified period, interest charges apply. The agreement emphasizes Telocity's responsibility for any unreturned or uncanceled materials.

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Click ‘Get Form’ to open the liability agreement in the editor.
Begin by reviewing the introductory section, which outlines the parties involved: Telocity, Inc. and Wellex Corporation. Ensure that all company details are accurate.
Fill in the specified delivery date and any other placeholders marked with [*] to ensure clarity on timelines and responsibilities.
In the section regarding purchase orders, confirm that you understand the obligations for material costs, labor, and handling charges. Input any necessary details as required.
Review the clauses related to delays and cancellations. Make sure you agree with the terms before proceeding to sign.
Sign the document electronically by clicking on the signature fields for both parties. Ensure that names and titles are correctly filled out.

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