Terms Of Trade
Definitions
“Wired Installations” shall mean Wired Installations Limited its successors and assigns or any person acting on behalf of and with the authority of Wired Installations Ltd T/A Wired Installations.
“Buyer” shall mean the Buyer (or any person acting on behalf of and with the authority of the Buyer) as described on any quotation, work authorisation or other form as provided by Wired Installations to the Buyer.
“Guarantor” means that person (or persons), or entity, who agrees to be liable for the debts of the Buyer on a principal debtor basis.
“Goods” shall mean Goods supplied by Wired Installations to the Buyer (and where the context so permits shall include any supply of Services as hereinafter defined) and includes Goods described on any invoices, quotation, work authorisation or any other forms as provided by Wired Installations to the Buyer.
“Services” shall mean all services supplied by Wired Installations to the Buyer and includes any advice or recommendations (and where the context so permits shall include any supply of Goods as defined above).
“Price” shall mean the price payable for the Goods as agreed between Wired Installations and the Buyer in accordance with clause 3 of this contract.
Acceptance
Any instructions received by Wired Installations from the Buyer for the supply of Goods and/or the Buyer’s acceptance of Goods supplied by Wired Installations shall constitute acceptance of the terms and conditions contained herein.
Where more than one Buyer has entered into this agreement, the Buyers shall be jointly and severally liable for all payments of the Price.
Upon acceptance of these terms and conditions by the Buyer the terms and conditions are binding and can only be amended with the written consent of Wired Installations.
The Buyer shall give Wired Installations not less than fourteen (14) days prior written notice of any proposed change of ownership of the Buyer or any change in the Buyer’s name and/or any other change in the Buyer’s details (including but not limited to, changes in the Buyer’s address, facsimile number, or business practice). The Buyer shall be liable for any loss incurred by Wired Installations as a result of the Buyer’s failure to comply with this clause.
Price and Payment
At Wired Installations’ sole discretion the Price shall be either:
as indicated on invoices provided by Wired Installations to the Buyer in respect of Goods supplied; or
Wired Installations’ quoted Price (subject to clause ) which shall be binding upon Wired Installations provided that the Buyer shall accept Wired Installations’ quotation in writing within thirty (30) days.
Wired Installations reserves the right to change the Price in the event of a variation to Wired Installations’ quotation.
At Wired Installations’ sole discretion a deposit may be required.
Wired Installations at their sole discretion reserves the right to charge travel time at Wired Installations’ standard hourly rate.
Wired Installations may submit a detailed payment claim at intervals not less than one month for work performed up to the end of each month. The value of work so performed shall include the reasonable value of authorised variations, whether or not the value of such variations has been finally agreed between the parties, and the value of materials delivered to the site but not installed. Progress payment shall be made within twenty (20) working days of each monthly payment claim.
At Wired Installations’ sole discretion payment for approved Buyers shall be made by instalments in accordance with Wired Installations’ payment schedule.
Time for payment for the Goods shall be of the essence and will be stated on the invoice or any other forms. If no time is stated then payment shall be due twenty (20) days following the end of the month in which a statement is posted to the Buyer’s address or address for notices.
Payment will be made by cash, bank deposit, or by any other method as agreed to between the Buyer and Wired Installations.
GST and other taxes and duties that may be applicable shall be added to the Price except when they are expressly included in the Price.
Delivery of Goods
At Wired Installations’ sole discretion delivery of the Goods shall take place when the Buyer takes possession of the Goods at the Buyer’s nominated address (in the event that the Goods are delivered by Wired Installations or Wired Installations’ nominated carrier).
At Wired Installations’ sole discretion the costs of delivery are:
in addition to the Price; or
for the Buyer’s account.
The Buyer shall make all arrangements necessary to take delivery of the Goods whenever they are tendered for delivery. In the event that the Buyer is unable to take delivery of the Goods as arranged then Wired Installations shall be entitled to charge a reasonable fee for redelivery.
Delivery of the Goods to a third party nominated by the Buyer is deemed to be delivery to the Buyer for the purposes of this agreement.
Wired Installations may deliver the Goods by separate instalments. Each separate instalment shall be invoiced and paid for in accordance with the provisions in these terms and conditions.
The failure of Wired Installations to deliver shall not entitle either party to treat this contract as repudiated.
Wired Installations shall not be liable for any loss or damage whatever due to failure by Wired Installations to deliver the Goods (or any of them) promptly or at all.
Risk
If Wired Installations retains ownership of the Goods nonetheless, all risk for the Goods passes to the Buyer on delivery.
If any of the Goods are damaged or destroyed following delivery but prior to ownership passing to the Buyer, Wired Installations is entitled to receive all insurance proceeds payable for the Goods. The production of these terms and conditions by Wired Installations is sufficient evidence of Wired Installations’ rights to receive the insurance proceeds without the need for any person dealing with Wired Installations to make further enquiries.
Title
Wired Installations and Buyer agree that ownership of the Goods shall not pass until:
the Buyer has paid Wired Installations all amounts owing for the particular Goods; and
the Buyer has met all other obligations due by the Buyer to Wired Installations in respect of all contracts between Wired Installations and the Buyer.
Receipt by Wired Installations of any form of payment other than cash shall not be deemed to be payment until that form of payment has been honoured, cleared or recognised and until then Wired Installations’ ownership or rights in respect of the Goods shall continue.
It is further agreed that:
where practicable the Goods shall be kept separate and identifiable until Wired Installations shall have received payment and all other obligations of the Buyer are met; and
until such time as ownership of the Goods shall pass from Wired Installations to the Buyer Wired Installations may give notice in writing to the Buyer to return the Goods or any of them to Wired Installations. Upon such notice being given the rights of the Buyer to obtain ownership or any other interest in the Goods shall cease; and
the Buyer is only a bailee of the Goods and until such time as Wired Installations has received payment in full for the Goods then the Buyer shall hold any proceeds from the sale or disposal of the Goods on trust for Wired Installations; and
until such time that ownership in the Goods passes to the Buyer, if the Goods are converted into other products, the parties agree that Wired Installations will be the owner of the end products; and
if the Buyer fails to return the Goods to Wired Installations then Wired Installations or Wired Installations’ agent may enter upon and into land and premises owned, occupied or used by the Buyer, or any premises where the Goods are situated as the invitee of the Buyer and take possession of the Goods, and Wired Installations will not be liable for any reasonable loss or damage suffered as a result of any action by Wired Installations under this clause.
Personal Property Securities Act 1999 (“PPSA”)
Upon assenting to these terms and conditions in writing the Buyer acknowledges and agrees that:
These terms and conditions constitute a security agreement for the purposes of the PPSA; and
A security interest is taken in all Goods previously supplied by Wired Installations to the Buyer (if any) and all Goods that will be supplied in the future by Wired Installations to the Buyer.
The Buyer undertakes to:
Sign any further documents and/or provide any further information (such information to be complete, accurate and up-to-date in all respects) which Wired Installations may reasonably require to register a financing statement or financing change statement on the Personal Property Securities Register;
Indemnify, and upon demand reimburse, Wired Installations for all expenses incurred in registering a financing statement or financing change statement on the Personal Property Securities Register or releasing any Goods charged thereby;
Not register a financing change statement or a change demand without the prior written consent of Wired Installations; and
Immediately advise Wired Installations of any material change in its business practices of selling the Goods which would result in a change in the nature of proceeds derived from such sales.
Wired Installations and the Buyer agree that nothing in sections 114(1)(a), 133 and 134 of the PPSA shall apply to these terms and conditions.
The Buyer waives its rights as a debtor under sections 116, 120(2), 121, 125, 126, 127, 129, 131 and 132 of the PPSA.
Unless otherwise agreed to in writing by Wired Installations, the Buyer waives its right to receive a verification statement in accordance with section 148 of the PPSA.
The Buyer shall unconditionally ratify any actions taken by Wired Installations under clauses to .
Defects
The Buyer shall inspect the Goods on delivery and shall within seven (7) days of delivery (time being of the essence) notify Wired Installations of any alleged defect, shortage in quantity, damage or failure to comply with the description or quote. The Buyer shall afford Wired Installations an opportunity to inspect the Goods within a reasonable time following delivery if the Buyer believes the Goods are defective in any way. If the Buyer shall fail to comply with these provisions the Goods shall be presumed to be free from any defect or damage. For defective Goods, which Wired Installations has agreed in writing that the Buyer is entitled to reject, Wired Installations’ liability is limited to either (at Wired Installations’ discretion) replacing the Goods or repairing the Goods.
Returns
Returns will only be accepted provided that:
The Buyer has complied with the provisions of clause ; and
Wired Installations has agreed in writing to accept the return of the Goods; and
The Goods are returned at the Buyer’s cost within seven (7) days of the delivery date; and
Wired Installations will not be liable for Goods which have not been stored or used in a proper manner; and
The Goods are returned in the condition in which they were delivered and with all packaging material, brochures and instruction material in as new condition as is reasonably possible in the circumstances.
Wired Installations may, (in its discretion), accept the return of Goods for credit but this may incur a handling fee of twenty-five percent (25%) of the value of the returned Goods plus any freight.
Warranty
For Goods not manufactured by Wired Installations, the warranty shall be the current warranty provided by the manufacturer of the Goods. Wired Installations shall not be bound by nor be responsible for any term, condition, representation or warranty other than that which is given by the manufacturer of the Goods.
Consumer Guarantees Act 1993
If the Buyer is acquiring Goods for the purposes of a trade or business, the Buyer acknowledges the provisions of the Consumer Guarantees Act 1993 do not apply to the supply of Goods by Wired Installations to the Buyer.
Intellectual Property
Where Wired Installations has designed, drawn or written Goods for the Buyer, then the copyright in those designs and drawings and documents shall remain vested in Wired Installations, and shall only be used by the Buyer at Wired Installations’ discretion.
The Buyer warrants that all designs or instructions to Wired Installations will not cause Wired Installations to infringe any patent, registered design or trademark in the execution of the Buyer’s order and the Buyer agrees to indemnify Wired Installations against any action taken by a third party against Wired Installations in respect of any such infringement.
Default & Consequences of Default
Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgment.
If the Buyer defaults in payment of any invoice when due, the Buyer shall indemnify Wired Installations from and against all costs and disbursements incurred by Wired Installations in pursuing the debt including legal costs on a solicitor and own client basis and Wired Installations’ collection agency costs.
Without prejudice to any other remedies Wired Installations may have, if at any time the Buyer is in breach of any obligation (including those relating to payment), Wired Installations may suspend or terminate the supply of Goods to the Buyer and any of its other obligations under the terms and conditions. Wired Installations will not be liable to the Buyer for any loss or damage the Buyer suffers because Wired Installations has exercised its rights under this clause.
If any account remains overdue after thirty (30) days then an amount of the greater of $20.00 or 10.00% of the amount overdue (up to a maximum of $200) shall be levied for administration fees which sum shall become immediately due and payable.
Without prejudice to Wired Installations’ other remedies at law Wired Installations shall be entitled to cancel all or any part of any order of the Buyer which remains unfulfilled and all amounts owing to Wired Installations shall, whether or not due for payment, become immediately payable in the event that:
Any money payable to Wired Installations becomes overdue, or in Wired Installations’ opinion the Buyer will be unable to meet its payments as they fall due; or
The Buyer becomes insolvent, convenes a meeting with its creditors or proposes or enters into an arrangement with creditors, or makes an assignment for the benefit of its creditors; or
A receiver, manager, liquidator (provisional or otherwise) or similar person is appointed in respect of the Buyer or any asset of the Buyer.
Security and Charge
Despite anything to the contrary contained herein or any other rights which Wired Installations may have howsoever:
where the Buyer and/or the Guarantor (if any) is the owner of land, realty or any other asset capable of being charged, both the Buyer and/or the Guarantor agree to mortgage and/or charge all of their joint and/or several interest in the said land, realty or any other asset to Wired Installations or Wired Installations’ nominee to secure all amounts and other monetary obligations payable under these terms and conditions. The Buyer and/or the Guarantor acknowledge and agree that Wired Installations (or Wired Installations’ nominee) shall be entitled to lodge where appropriate a caveat, which caveat shall be withdrawn once all payments and other monetary obligations payable hereunder have been met.
should Wired Installations elect to proceed in any manner in accordance with this clause and/or its sub-clauses, the Buyer and/or Guarantor shall indemnify Wired Installations from and against all Wired Installations’ costs and disbursements including legal costs on a solicitor and own client basis.
the Buyer and/or the Guarantor (if any) agree to irrevocably nominate constitute and appoint Wired Installations or Wired Installations’ nominee as the Buyer’s and/or Guarantor’s true and lawful attorney to perform all necessary acts to give effect to the provisions of this clause 13.
Cancellation
Wired Installations may cancel any contract to which these terms and conditions apply or cancel delivery of Goods at any time before the Goods are delivered by giving written notice to the Buyer. On giving such notice Wired Installations shall repay to the Buyer any sums paid in respect of the Price. Wired Installations shall not be liable for any loss or damage whatever arising from such cancellation.
In the event that the Buyer cancels delivery of the Goods the Buyer shall be liable for any loss incurred by Wired Installations (including, but not limited to, any loss of profits) up to the time of cancellation.
Privacy Act 1993
The Buyer and the Guarantor/s (if separate to the Buyer) authorises Wired Installations to:
collect, retain and use any information about the Buyer, for the purpose of assessing the Buyer’s creditworthiness or marketing products and services to the Buyer; and
disclose information about the Buyer, whether collected by Wired Installations from the Buyer directly or obtained by Wired Installations from any other source, to any other credit provider or any credit reporting agency for the purposes of providing or obtaining a credit reference, debt collection or notifying a default by the Buyer.
Where the Buyer and/or Guarantors are an individual the authorities under clause 13 are authorities or consents for the purposes of the Privacy Act 1993.
The Buyer and/or Guarantors shall have the right to request Wired Installations for a copy of the information about the Buyer and/or Guarantors retained by Wired Installations and the right to request Wired Installations to correct any incorrect information about the Buyer and/or Guarantors held by Wired Installations.
Unpaid Wired Installations’ Rights
Where the Buyer has left any item with Wired Installations for repair, modification, exchange or for Wired Installations to perform any other Service in relation to the item and Wired Installations has not received or been tendered the whole of the Price, or the payment has been dishonoured, Wired Installations shall have:
A lien on the item;
The right to retain the item for the Price while Wired Installations is in possession of the item;
A right to sell the item.
The lien of Wired Installations shall continue despite the commencement of proceedings, or judgement for the Price having been obtained.
Construction Contracts Act 2002
The Buyer hereby expressly acknowledges that:
Wired Installations has the right to suspend work within five (5) working days of written notice of its intent to do so if a payment claim is served on the Buyer, and:
The payment is not paid in full by the due date for payment and no payment schedule has been given by the Buyer; or
A scheduled amount stated in a payment schedule issued by the Buyer in relation to the payment claim is not paid in full by the due date for its payment; or
The Buyer has not complied with an adjudicator’s notice that the Buyer must pay an amount to Wired Installations by a particular date; and
Wired Installations has given written notice to the Buyer of its intention to suspend the carrying out of construction work under the construction contract.
If Wired Installations suspends work, it:
Is not in breach of contract; and
Is not liable for any loss or damage whatsoever suffered, or alleged to be suffered, by the Buyer or by any person claiming through the Buyer; and
Is entitled to an extension of time to complete the contract; and
Keeps its rights under the contract including the right to terminate the contract; and may at any time lift the suspension, even if the amount has not been paid or an adjudicator’s determination has not been complied with.
If Wired Installations exercises the right to suspend work, the exercise of that right does not:
Affect any rights that would otherwise have been available to Wired Installations under the Contractual Remedies Act 1979; or
Enable the Buyer to exercise any rights that may otherwise have been available to the Buyer under that Act as a direct consequence of Wired Installations suspending work under this provision.
General
If any provision of these terms and conditions shall be invalid, void, illegal or unenforceable the validity, existence, legality and enforceability of the remaining provisions shall not be affected, prejudiced or impaired.
These terms and conditions and any contract to which they apply shall be governed by the laws of New Zealand and are subject to the jurisdiction of the courts of Hamilton.
Wired Installations shall be under no liability whatever to the Buyer for any indirect loss and/or expense (including loss of profit) suffered by the Buyer arising out of a breach by Wired Installations of these terms and conditions.
In the event of any breach of this contract by Wired Installations the remedies of the Buyer shall be limited to damages which under no circumstances shall exceed the Price of the Goods.
The Buyer shall not be entitled to set off against or deduct from the Price any sums owed or claimed to be owed to the Buyer by Wired Installations.
Wired Installations may license or sub-contract all or any part of its rights and obligations without the Buyer’s consent.
Wired Installations reserves the right to review these terms and conditions at any time. If, following any such review, there is to be any change to these terms and conditions, then that change will take effect from the date on which Wired Installations notifies the Buyer of such change.
The provisions of the Contractual Remedies Act 1979 shall apply to this contract as if section 15(d) were omitted from the Contractual Remedies Act 1979.
Neither party shall be liable for any default due to any act of God, war, terrorism, strike, lock-out, industrial action, fire, flood, drought, storm or other event beyond the reasonable control of either party.
The failure by Wired Installations to enforce any provision of these terms and conditions shall not be treated as a waiver of that provision, nor shall it affect Wired Installations’ right to subsequently enforce that provision.
Updated 1 Jan 2024