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Legal & Privacy InformationTerms Of UseThis Agreement describes user responsibilities and limits our liability.
1. Agreement.
2. Registration and Use; Definitions.
Prohibited Activities.
3. Confidential Information. Pursuant to 17 U.S.C. s. 512(c) (2), the designated agent for receiving notification of claimed infringement is: SourceHorizon, Inc., 2007 Yanceyville Street, Box 23, Greensboro, NC 27405; Telephone: 336-272-9394; Facsimile: 336-235-0741; email: contact@SourceAuthority.com. The Digital Millennium Copyright Act of 1998 sets forth requirements for any such notification. The text of such a statute may be found at the website of the U.S. Copyright Office, http://www.copyright.gov/.
4. Quote Services. a. Buyers. We do not charge Buyers a fee to register or post an RFQ on the site. Once a Buyer posts an RFQ, Buyer may conduct on-line negotiations through our site with any quoting Vendor, prior to Buyer making a selection among quoting Vendors. A Buyer accepts a quote by executing the "Select This Supplier" option on the "Quote Review" page, which automatically generates a notice and transmits it to the Vendor. The Buyer agrees to immediately copy SourceHorizon, Inc. on all documents relevant to the transaction including, but not limited to: purchase orders, cancellations or changes. If Buyer fails to select a Quote within 5 days of closing of the RFQ, SourceHorizon reserves the right to terminate the selection process. When an RFQ posted on this site results in an order placed outside of this website, the Buyer shall notify SourceAuthority.com immediately of the name of the Vendor and the transaction amount; in that event, SourceAuthority.com will notify the unsuccessful Vendors that the transaction has been completed and its amount. Violation of these rules can result in loss of a Buyer's registration and privileges to use SourceAuthority.com, in the sole discretion of SourceHorizon. Buyers warrant that: (1) all RFQ information shall be accurate, complete, and in good faith (not intended to mislead or to manipulate the quoting process), (2) they are able to accept the goods/services requested, and (3) the distribution of the RFQ to Vendors and payment of SourceHorizon's fee shall not cause SourceHorizon to violate any applicable laws. b. Vendors. Posting of a Quote by an eligible Vendor constitutes an irrevocable offer to the Buyer on all terms stated; Vendors are responsible for confirming the accuracy of their calculations and wording before submitting a Quote. Vendors may submit questions or comments about the RFQ to the Buyer through this website. Once a Quote is posted, the Vendor may not rescind its Quote unless the RFQ contained a material inaccuracy or the identity of the Buyer cannot be authenticated. Each Vendor selected by a Buyer agrees to pay to SourceHorizon a fee based upon the total dollar amount of the selected Quote. SourceHorizon's fee is 4.5% (for NTMA members) or 5% (non NTMA members) of the full amount of Vendor's bills (invoices) to Buyer for all work associated with the RFQ and any subsequent work for the life of that product (excluding shipping charges). Vendors who pay by credit card or whose payment is received within 10 days will receive a 5% discount off of the regular fee. The Vendor agrees to immediately copy SourceHorizon, Inc. on all documents relevant to the transaction including, but not limited to: invoices, purchase orders, cancellations, or changes. Upon Vendor registration there is a one time non-refundable fee of $750 ($500 for NTMA members). When an RFQ posted on this site results in an order placed outside of this website, the Vendor shall notify SourceHorizon immediately of the name of the Buyer and the transaction amount; in that event, SourceAuthority.com will notify the unsuccessful Vendors that the transaction has been completed and its amount. Violation of these rules can result in loss of a Vendor's registration and privileges to use SourceAuthority.com, in the sole discretion of SourceHorizon, Inc. No commission is owed on residual sales only where such sales result from negotiations between parties not participating in the SourceAuthority.com site and the sales are not reasonably connected to any RFQ posted by Buyer on this site. Otherwise, commissions are owed on residual sales, and the parties must notify SourceHorizon of the transaction immediately. Vendors warrant that: (1) all Quote information shall be accurate, complete, and in good faith (not intended to mislead or to manipulate the quoting process), (2) they are able to provide the goods/services requested, (3) the payment of SourceHorizon's fee shall not cause SourceHorizon, Inc. to violate any applicable laws, and (4) they will protect Confidential Information as defined in this site. Audits and Transaction Records For a period of two (2) years after accepting each project, You will keep and maintain complete and accurate information and records related to each project and all new or follow-up projects started for that project's buyer, including the project description, the bid and payment terms, and information on all new or follow-up projects performed for that buyer, necessary and sufficient to calculate the applicable transaction fees due to SourceHorizon, Inc. In the event of a dispute regarding the amount of transaction fees due to SourceHorizon, Inc., including a good-faith belief by SourceHorizon, Inc. that the transaction fees paid have been underreported or are inaccurate, upon 30 days written notice and request, SourceHorizon, Inc. shall have the right to audit your records to determine whether the full transaction fees due SourceHorizon, Inc. have been paid by You. You will provide copies of all records or other documentation relevant to the calculation of such amounts. You will promptly pay to SourceHorizon, Inc. the amount of underpayment, if any, disclosed by the audit or otherwise, along with any monthly finance charges applicable to the amount of the underpayment, calculated at the rate of one and one-half percent (1.5%) per month (or the highest rate permitted by law, if less). SourceHorizon, Inc. will pay all costs of such examination and audit unless such audit discovers a discrepancy of five percent (5%) or more between the amount of transaction fees paid to SourceHorizon, Inc. for the time period in question and the amount of transaction fees due to SourceHorizon, Inc. by You hereunder during such time period, in which case You are responsible for paying the reasonable costs of the audit. Buyers and Vendors agree not to engage in any action or activities meant to circumvent our site or our stated fees. Prohibited systems or techniques include (but are not limited to) the following: * Vendors offering a service directly to a Buyer who has posted a project through the site, or not using the site to place a bid and accept an award. * Any agreement between Buyer and Vendor to mislead or defraud SourceHorizon, Inc. by conducting a transaction at different cost than the price agreed upon through the site. * Failing to report changed bid amounts or final project prices to SourceHorizon, Inc. * Placing low value or place-holder bids, with unreasonably high final project charges. * Advertising, spamming or offering services to the Buyer outside of the site without receiving request for contact from Buyer. * Suggesting/soliciting Buyer to contact you directly to buy services outside of the site. * Failure by either the Buyer or the Vendor to report subsequent purchases of the product manufactured as a result of a RFQ awarded on the site. Penalties Without limiting SourceHorizon, Inc. other remedies, We may issue a warning, temporarily suspend, indefinitely suspend or terminate your membership and refuse to provide any services to You (a) if You breach any terms and conditions of this Use Agreement or the agreements incorporated herein by reference, including our written policies and procedures posted on the Site; (b) if We are unable to verify or authenticate any information You provide to Us; or (c) if We believe that your actions may cause legal liability for You, our users or for SourceHorizon, Inc. Once temporarily suspended, indefinitely suspended or terminated, you may not continue to use the site under the same account, a different account or reregister under a new account. Violations of this Use Agreement will be prosecuted to the fullest extent of the law and may result in additional penalties and sanctions, as defined below. To the extent any User engages in actions or activities which circumvent the site or otherwise reduces transaction fees owed SourceHorizon, Inc. under this Use Agreement, that User shall be liable to Us for our full fees due for the project and any follow-up or additional work, as described above, and may be subject to additional sanctions, including immediate suspension or termination of membership, and penalties of up to twenty percent (20%) of the total value of all projects circumvented, at SourceHorizon, Inc. sole discretion. We expressly reserve the right to institute additional penalties and fees for repeated violations of the Use Agreement and/or our written policies and procedures posted on the Site. c. Taxes. Users shall be responsible for any taxes or assessments arising from their transaction; SourceHorizon, Inc. shall not be responsible for same. 5. Limitation of Liability and Indemnity. SourceHorizon and SourceAuthority.com do not warrant or endorse any Users of their service, nor any of their Users' products/services. Users are responsible for their own investigation and determination of the quality and suitability of products/services offered by other Users. SourceHorizon and SourceAuthority.com do not assume any liability for any communications, warranties, payment arrangement, or other terms between Buyers and Vendors, and all Users agree to release and hold harmless SourceHorizon, Inc., SourceAuthority.com, their agents and employees from any liability on the basis of same. Source Horizon and SourceAuthority.com have included in this site content and services from third parties; Source Horizon and SourceAuthority.com do not warrant such content or services, and shall not be liable for any claims arising from the use of such content or services. USER HEREBY AGREES TO RELEASE, INDEMNIFY AND HOLD HARMLESS SOURCEHORIZON AND SOURCEAUTHORITY.COM FROM AND AGAINST ANY LOSS, DAMAGES, COST, LIABILITY OR EXPENSE (INCLUDING ATTORNEY'S FEES) ARISING OUT OF OR RELATING TO THE USE OF THIS SITE, INCLUDING ANY CLAIMS BY USERS OR BY THIRD PARTIES. IN ANY EVENT, SOURCEHORIZON AND SOURCEAUTHORITY.COM SHALL NOT BE RESPONSIBLE FOR ANY CONSEQUENTIAL OR SPECIAL DAMAGES OF ANY KIND. SOURCEHORIZON AND SOURCEAUTHORITY.COM'S LIABILITY SHALL NOT FOR ANY REASON EXCEED THE AMOUNT OF FEES IT RECEIVED AS A RESULT OF THE TRANSACTION GIVING RISE TO THE CLAIM.
6. No Warranty.
7. Miscellaneous.
SourceHorizon, Inc. 2007
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