Cash Discount, Service Charges, Claims and Returns

This price list supersedes and cancels all previous price lists. Prices shown are subject to change without notice. All prices are subject to discount. Products considered “Specials” (“X” designated part numbers) fall outside of standard discount terms. Contact customer service for clarification.

Cash Discount:

2% 20 days, net 35 days from date of invoice.

Service Charges:

Service charges on past due invoices (except validly disputed items) will be assessed as follows: 1-1/2% per month or the maximum allowable by law on past due amounts open as of the last day of each calendar month until the past due amounts are paid.

Changes or Cancellations:

Changes or cancellations to an order must be in writing and may result in additional charges for labor and/or materials. Changes may result in a delay in the scheduled ship date. Additions to orders will be entered as separate stand-alone orders and must qualify for all terms of sale, including discounts, on an individual basis. Changes or deletions resulting in an order size of less than our minimum will not be accepted. Orders for non-cataloged, special or nonstandard items may not be canceled. Factory orders may not be changed within 30 days of the scheduled ship date.

Claims and Returns:

Claims for shortages and/or incorrectly filled orders must be filed with Customer Service within 10 days of receipt of material. Price adjustments must also be made in writing to Customer Service within 30 days from receipt of invoice. No returned goods will be accepted without written approval from Schlage. Credit will be based upon the written authorization of the Regional Account Manager and final acceptance by Schlage. Such returns must be prominently marked with the return goods authorization number and shipped prepaid. Returns, if approved, will be subject to a minimum restocking charge of 25% for unopened cases of stock product and must be received in mint condition. Non-stock materials are not returnable. Under no circumstance is Schlage liable for incidental or consequential damages. Charge-backs will not be allowed.

Freight Policy:

All customer orders in excess of $1,000 list will be shipped freight prepaid by Schlage to a single destination point in the U.S. All orders less than this amount will ship from either our factory or distribution service center via UPS/RPS prepaid and actual freight will be indicated on the customer’s invoice. All goods are shipped F.O.B. factory or DSC and become the customer’s property when they pass into the hands of the transportation company. Schlage reserves the right to use our choice of carrier. Schlage will ship as requested, freight collect, if the customer is willing to bear the entire expense and so indicates on the order.

Taxes:

Prices do not include any present or future Federal, State or local property, license, privilege, sales, use, excise, gross receipts or other like taxes or assessments which may result from transactions or any services performed in connection therewith.

Delivery:

Orders will be assigned ship dates and acknowledged accordingly, based on estimates of availability of products. Specific scheduled ship dates are not guaranteed by Schlage because of the nature of product, labor, availability of material or manufacturing conditions that might be beyond our control. Schlage will not be liable for back charges incurred based on availability of product in accordance with acknowledged ship dates.

Certifications:

Dexter by Schlage products, as noted in our catalog, are tested by independent laboratories for compliance with UL and ANSI standards. Any field modification or alteration of product will void certification.

4 PRICE BOOK 70

by	Effective February 25, 2008