modification and Distributor shall bear any reasonable expenses incurred by Company in complying with 
such modified procedures which are in excess of the expenses which Company would have incurred in 
following its standard procedures.  
 
 
20. DELIVERY: TITLE AND RISK OF LOSS 
 
All deliveries of Products sold by Company to Distributor pursuant to this Agreement shall be made 
F.O.B. the Delivery Point, and title to and risk of loss of Products shall pass from Company to Distributor 
at the Delivery Point. Distributor shall be responsible for arranging all transportation of Products, but if 
requested by Distributor, Company shall, at Distributor's expense, assist Distributor in making such 
arrangements. Distributor shall also procure insurance for the transportation of the Products, and such 
insurance shall be of a kind and on terms current at the port of shipment. In the event that Company is 
requested to assist Distributor in arranging for transportation, Distributor shall reimburse Company for all 
costs applicable to the Products following their delivery to Distributor, including, without limitation, 
insurance, transportation, loading and unloading, handling and storage. Distributor shall pay all charges, 
including customs duty and sales tax, incurred with respect to the Products following their Delivery to the 
carrier or forwarder.  
 
 
21. INSPECTION AND ACCEPTANCE  
 
Promptly upon the receipt of a shipment of Products, Distributor shall examine the shipment to determine 
whether any item or items included in the shipment are in short supply, defective or damaged. Within 
[NUMBER] days of receipt of the shipment, Distributor shall notify Company in writing of any shortages, 
defects or damage which Distributor claims existed at the time of delivery. Within [NUMBER] days after 
the receipt of such notice, Company will investigate the claim of shortages, defects or damage, inform 
Distributor of its findings, and deliver to Distributor Products to replace any which Company determines, in 
its sole discretion, were in short supply, defective or damaged at the time of delivery.  
 
 
22. PAYMENT 
 
Upon delivery and acceptance of Products, Company may submit to Distributor Company's invoice 
for those Products. Distributor shall pay each such proper invoice within [NUMBER] days after 
Distributor's receipt of that invoice. Payment shall be made in [CURRENCY] to a bank account to be 
notified in writing by Company to Distributor.  
 
 
23. ENTIRE AGREEMENT  
 
This Agreement contains the entire understanding of the parties and there are no commitments, 
agreements, or understandings between the parties other than those expressly set forth herein. This 
agreement shall not be altered, waived, modified, or amended except in writing signed by the parties 
hereto and notarized.  
 

 

24. ARBITRATION 
  
Any controversy or claim arising out of or relating to this contract or the breach thereof shall be settled by 
arbitration to be held in the [CITY, STATE], in accordance with the law in this jurisdiction, and judgment 
upon the award rendered by the arbitrators may be entered in any Court having jurisdiction thereof.