LIMITATION
OF REMEDY:
The liability of Seller
for its design, materials, or workmanship and (where Seller installs
the equipment) installation of any equipment shall be limited to the
re-design, repair, or replacement, at Seller’s option, of any part,
subassembly or equipment which may prove to be defective under proper
use, service, and maintenance after Seller, in its sole discretion,
determines same to be defective. In the event that Seller is unable to
re-design, repair, or replace a defective part, subassembly, or the
equipment, or that the repair or replacement remedy fails of its
essential purpose for any reason, then the sole and exclusive remedy of
Buyer shall be return of the total sums paid for such design, part,
subassembly, or equipment.
Buyer’s sole and exclusive remedies with respect to components
purchased by Seller from other vendors are the remedies against the
vendor provided by the vendor’s warranty or by law. Buyer shall have no
remedy against Seller with respect to such components.
IT IS
EXPRESSLY AGREED THAT UNDER NO CIRCUMSTANCES SHALL THE SELLER BE LIABLE
FOR ANY INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES INCLUDING, BUT
NOT LIMITED TO, LOSS OF PROFITS, WHETHER ARISING UNDER ALLEGED BREACH
OF CONTRACT, BREACH OF WARRANTY, NEGLIGENCE, DESIGN ERRORS OR
OMISSIONS, STRICT LIABILITY, OR ANY OTHER LEGAL OR EQUITABLE THEORY,
AND BUYER’S REMEDY FOR ANY AND ALL ECONOMIC DAMAGES SHALL BE STRICTLY
LIMITED AS STATED HEREIN.
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