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Terms & conditions
1. GENERAL PROVISIONS
1.1 Scope of Application
These General Terms and Conditions of Sale (hereinafter “GTC”) govern all sales of products and services by Riverdi Sp. z o.o., with registered office at Nowy Świat 36, 80-299 Gdańsk, Poland, entered into the Register of Entrepreneurs under KRS 0000715225, NIP: PL5842767153 (hereinafter “Seller” or “Riverdi”), to its business customers (hereinafter “Buyer”).
1.2 Acceptance
By placing an order with Riverdi, the Buyer acknowledges and accepts these GTC in their entirety. These terms supersede any contrary or additional terms and conditions stated in the Buyer’s purchase order, specifications, or other documents, unless expressly agreed to in writing by an authorized representative of Riverdi.
2. QUOTATIONS AND ORDERS
2.1 Quotations
All quotations issued by Riverdi are valid for 30 days from the date of issuance unless otherwise specified in the quotation.
2.2 Order Acceptance
Orders from Buyers are subject to written acceptance by Riverdi. An order is considered accepted only upon Riverdi’s written order confirmation. Riverdi reserves the right to reject any order at its sole discretion.
2.3 Order Specifications
The Buyer is responsible for ensuring that all technical specifications, quantities, delivery addresses, and other order details are correct at the time of order placement. Riverdi is not liable for delays or errors resulting from incorrect information provided by the Buyer.
3. ORDER CANCELLATION AND MODIFICATIONS
3.1 Cancellation Before Confirmation
The Buyer may cancel an order without penalty only before receiving written order confirmation from Riverdi.
3.2 Cancellation After Confirmation
Once an order has been confirmed by Riverdi in writing, cancellation is not permitted. If exceptional circumstances warrant consideration of cancellation, the Buyer must submit a written request immediately. Riverdi may, at its sole discretion, accept the cancellation subject to payment of all costs incurred by Riverdi up to the date of cancellation request and a cancellation fee.
4. PRICING AND PAYMENT TERMS
4.1 Pricing
All prices are quoted in EUR (Euro) or USD (United States Dollars) unless otherwise specified. Prices are exclusive of:
- Value Added Tax (VAT) and any other applicable taxes
- Customs duties and import fees
- Transportation and insurance costs (unless explicitly stated otherwise)
4.2 Payment Terms – New Customers
For first-time orders and new customers: 100% prepayment is required before production commencement. Payment must be received by bank transfer according to banking details provided in the quotation or invoice.
4.3 Payment Terms – Established Customers
For customers with approved credit terms (following successful credit assessment), payment terms are Net 30 days from invoice date, unless otherwise specified in writing. Invoice date is the date of goods being ready for shipment.
Credit terms are subject to:
- Satisfactory credit check and references
- Minimum of one successfully completed prepaid order
- Maintenance of good payment history (no overdue invoices)
Riverdi reserves the right to revoke credit terms at any time if:
- Payment is overdue on any invoice
- Buyer’s financial condition deteriorates
- There are material changes to Buyer’s business
4.4 Late Payment
Late payments are subject to:
- Interest charges of 2% per month (or the maximum allowed by law, whichever is lower) on the outstanding amount
- Suspension of ongoing orders and credit privileges
- Right to demand cash in advance for all current and future orders
- Recovery of all collection costs, including legal fees
4.5 Payment Methods
Accepted payment methods:
- Bank wire transfer (preferred)
- Other methods as agreed in writing
All bank charges and fees are the responsibility of the Buyer. Riverdi must receive the full invoiced amount.
5. DELIVERY AND SHIPPING
5.1 Delivery Terms
Unless otherwise specified, all deliveries are made on EXW (Ex Works) Riverdi facility in Gdańsk, Poland, according to Incoterms® 2020.
5.2 Delivery Timelines
Delivery dates provided by Riverdi are estimates and not guaranteed unless explicitly stated as “guaranteed delivery date” in the order confirmation. Lead times begin from:
- Receipt of order confirmation and deposit (if applicable)
- Receipt of all necessary technical specifications and documentation
- Completion of all required technical clarifications
5.3 Transfer of Risk
Risk of loss or damage transfers to the Buyer according to the agreed Incoterms. For EXW deliveries, risk transfers when goods are placed at the disposal of the Buyer at Riverdi’s facility.
5.4 Partial Deliveries
Riverdi reserves the right to make partial deliveries. Each partial delivery shall be considered a separate transaction and shall be invoiced separately.
5.5 Delays in Delivery
Riverdi shall not be liable for delays caused by:
- Force majeure events (see Section 10)
- Delays in component supply from third parties
- Incomplete or incorrect specifications from the Buyer
- Late payment or deposit by the Buyer
- Acts or omissions of the Buyer
- Events beyond Riverdi’s reasonable control
In case of anticipated delays, Riverdi will notify the Buyer promptly.
5.6 Inspection Upon Receipt
The Buyer must inspect goods immediately upon receipt. Any visible damage, shortages, or discrepancies must be reported to Riverdi within 5 business days of receipt. Claims not reported within this timeframe will not be accepted.
For damage during transit, the Buyer must also file a claim with the carrier and provide Riverdi with all relevant documentation.
6. WARRANTY
6.1 Limited Warranty Period
Riverdi warrants that products manufactured by Riverdi shall be free from defects in materials and workmanship under normal use and service for a period of 12 months from the date of shipment by Riverdi.
6.2 Warranty Coverage
This warranty does NOT cover:
- Products that have been modified, altered, or repaired by anyone other than Riverdi
- Defects caused by misuse, abuse, negligence, or accident
- Normal wear and tear
- Damage from improper storage, installation, or testing
- Damage from operating conditions outside specified parameters
- Damage from improper handling, transportation, or storage
- Products where serial numbers or labels have been removed or defaced
- Third-party components (which carry their manufacturer’s warranty)
- Software or firmware modifications not authorized by Riverdi
- Cosmetic damage that does not affect functionality
- Failures resulting from force majeure events
- Products marked as “sample”, “prototype” or “demo” are provided without warranty unless otherwise agreed in writing.
6.3 Warranty Claim Procedure
To make a warranty claim, the Buyer must:
- Notify Riverdi in writing within 14 days of defect discovery
- Provide detailed description of the defect and evidence (photos, videos, test data)
- Before returning the product, the Buyer must obtain a return materials (RMA) number issued by Riverdi. The number should be marked on the packaging containing the returned goods.
6.4 Warranty Remedy
If a valid warranty claim is accepted, Riverdi will, at its sole discretion:
- Repair the defective product, or
- Replace the defective product with a new or refurbished equivalent, or
- Refund the purchase price upon return of the product
- If an identical model is not available, Riverdi may provide a functionally equivalent product or a newer version of the product.
This remedy is the Buyer’s exclusive remedy for breach of warranty.
6.5 Return Shipping
For accepted warranty claims:
- Return shipping to Riverdi is at Buyer’s expense
- Return shipping of repaired/replacement product to Buyer is at Riverdi’s expense (standard ground shipping to original delivery address only)
6.6 Third Party Components
Third-party components (such as microcontrollers, touch controllers, connectors) are covered only by their original manufacturer’s warranty. Riverdi will assist in facilitating warranty claims with third-party manufacturers but assumes no direct liability.
7. LIMITATION OF LIABILITY
7.1 Exclusion of Consequential Damages
To the maximum extent permitted by law, Riverdi shall not be liable for:
- Loss of profits, revenue, or business
- Loss of data or software
- Loss of anticipated savings
- Loss of business opportunity
- Cost of substitute goods or services
- Indirect, consequential, incidental, special, or punitive damages
- Any damages arising from the use or inability to use the products
- Any damages resulting from integration with other systems or products
This exclusion applies regardless of the form of action, whether in contract, tort (including negligence), strict liability, or otherwise, even if Riverdi has been advised of the possibility of such damages.
7.2 Maximum Liability
Riverdi’s total aggregate liability arising out of or related to any sale shall not exceed the price paid by the Buyer for the specific products giving rise to the claim.
7.3 Application Suitability
The Buyer is solely responsible for:
- Determining the suitability of products for the intended application
- Proper integration of products into end systems
- Compliance with all applicable laws, regulations, and industry standards
- Safety testing and certification of final products
- Implementation of appropriate fail-safe mechanisms
Riverdi provides technical support and documentation but does not warrant that products are suitable for any particular application.
8. INTELLECTUAL PROPERTY
8.1 Riverdi IP Rights
All intellectual property rights in Riverdi’s products, including but not limited to:
- Product designs and specifications
- Firmware and software
- Documentation and technical materials
- Trademarks and trade names
- Patents and copyrights
remain the exclusive property of Riverdi or its licensors.
8.2 License Grant
Sale of products does not convey any license or right to use Riverdi’s intellectual property except as necessary for the intended use of the purchased products.
8.3 Restrictions
The Buyer agrees not to:
- Reverse engineer, decompile, or disassemble any products or software
- Remove or obscure any proprietary notices or labels
- Use Riverdi’s intellectual property to develop competing products
9. PRODUCT CHANGES AND DISCONTINUATION
9.1 Right to Modify
Riverdi reserves the right to make changes to product specifications, materials, and manufacturing processes without prior notice, provided such changes do not materially affect form, fit, or function.
10. FORCE MAJEURE
10.1 Force Majeure Events
Riverdi shall not be liable for failure to perform its obligations if such failure results from circumstances beyond its reasonable control, including but not limited to:
- Acts of God (earthquakes, floods, storms, epidemics, pandemics)
- War, terrorism, civil unrest, or riots
- Government actions, embargoes, or sanctions
- Fire, explosion, or industrial accidents
- Power failures or telecommunications failures
- Strikes, labor disputes, or workforce shortages
- Supplier failures or raw material shortages
- Transportation disruptions
10.2 Notification
Riverdi must notify the other party as soon as reasonably practicable and use reasonable efforts to mitigate the effects.
10.3 Extended Force Majeure
If a force majeure event continues for more than 90 days, Riverdi may terminate affected orders without liability, except for obligations already performed.
11. CONFIDENTIALITY
11.1 Confidential Information
Both parties agree to maintain confidentiality of all non-public information received from the other party, including:
- Technical specifications and drawings
- Pricing information
- Business strategies and plans
- Customer lists and market information
- Trade secrets and proprietary information
11.2 Duration
Confidentiality obligations survive for 5 years after termination of business relationship.
11.3 Data Protection
Both parties commit to comply with applicable data protection laws including GDPR. Personal data shall be processed only as necessary for order fulfillment and customer relationship management.
12. DISPUTE RESOLUTION AND GOVERNING LAW
12.1 Governing Law
These GTC and all sales transactions shall be governed by and construed in accordance with the laws of Poland, without regard to its conflict of law provisions. The United Nations Convention on Contracts for the International Sale of Goods (CISG) is expressly excluded.
12.2 Jurisdiction
All disputes arising out of or in connection with these GTC or any sales transaction shall be subject to the exclusive jurisdiction of the courts in Gdańsk, Poland.
12.3 Amicable Resolution
Before initiating legal proceedings, parties agree to attempt to resolve disputes through good faith negotiations for a period of 30 days.
13. GENERAL PROVISIONS
13.1 Entire Agreement
These GTC, together with the order confirmation and any specific written agreements, constitute the entire agreement between the parties and supersede all prior negotiations, representations, and agreements.
13.2 Amendments
No modification or amendment of these GTC shall be binding unless made in writing and signed by authorized representatives of both parties.
13.3 Waiver
Failure or delay by either party to enforce any provision shall not constitute a waiver of that provision or any other provision.
13.4 Severability
If any provision of these GTC is held invalid or unenforceable, the remaining provisions shall continue in full force and effect.
13.5 Assignment
The Buyer may not assign or transfer its rights or obligations without Riverdi’s prior written consent. Riverdi may assign its rights to any affiliate or successor.
13.6 Notices
All notices must be in writing and sent to the addresses specified in the order confirmation. Notices sent by email are considered delivered upon receipt confirmation.
13.7 Survivability
Sections 6 (Warranty), 7 (Limitation of Liability), 8 (Intellectual Property), 11 (Confidentiality), and 12 (Dispute Resolution) survive termination or expiration of any sale.
14. CONTACT INFORMATION
Riverdi Sp. z o.o.
Nowy Świat 36
80-299 Gdańsk
Poland
Email: [email protected]
Phone: +48 58 770 31 16
Website: www.riverdi.com
ACKNOWLEDGMENT
By placing an order with Riverdi, the Buyer acknowledges that it has read, understood, and agrees to be bound by these General Terms and Conditions of Sale.