Nouryon definition

Nouryon means the Nouryon entity that sells goods to Buyer; “Buyer” means the purchaser of goods from Nouryon and “Products” means any and all goods sold by Nouryon to Buyer. Unless a detailed product sales agreement is in place between Nouryon and Buyer covering the sale of the Products, all Products sold or otherwise provided by Nouryon are sold or provided exclusively on the basis of these Terms and Conditions of Sale. No differing or supplemental terms or conditions shall be applicable unless expressly agreed to by ▇▇▇▇▇▇▇ in writing.

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Nouryon means Akzo Nobel Surface Chemistry AB and Akzo Nobel Chemicals International BV, where Nouryon is the new company name of the AkzoNobel Specialty Chemicals Business, following its acquisition by The Carlyle Group on 1st October 2018

Examples of Nouryon in a sentence

• Buyer may not withhold payment of any amount due to Nouryon because of any set-off, counter-claim, abatement or similar deduction.

• In the event of an increase in the prices of energy, raw materials or other resources necessary for the manufacture of the Goods occurring prior to the agreed date of delivery, Nouryon shall have the right to proportionately increase the price of the Goods ordered by Buyer by providing written notice to Buyer.

• The Agreement will not oblige Nouryon for the future to take further orders.

• Nouryon shall have no obligation to procure any Goods from other sources and may allocate its available supply of Goods among the members of the Nouryon Group (including itself) and their customers, buyers, distributors and resellers on whatever basis Nouryon may deem fair and practical.

• Furthermore, these Terms and Conditions shall always override Buyer’s terms and conditions, or any other documentation exchanged between Nouryon and Buyer.

• Nouryon warrants to Buyer that at the time of transfer of risk of loss (i) the Goods conform to the Specifications, (ii) Nouryon has good title to the Goods and the transfer of said Goods is rightful, and (iii) all Goods are free from security interests, claims, demands, liens and other encumbrances (the warranties set out under items (i)-(iii) are hereinafter referred to as the “Warranties”).

• Nouryon will not be liable for any loss or damage caused by Buyer’s failure to exercise effective quality control or the failure to store, use or otherwise handle the Goods as advised or in accordance with instructions provided by Nouryon or industry standards.

• Nouryon will issue invoices to Buyer for all Goods sold to Buyer.

• Buyer acknowledges that it will (i) take all steps necessary to comply with the above laws and regulations, including obtaining export and other licenses if necessary and (ii) not take any actions that would cause Nouryon to be in violation of the above laws or potentially made subject to economic sanctions.

• Nouryon may assign, transfer, grant any security interest over, hold on trust or deal in any other manner with the benefit of all or any part of the Agreement, or sub-contract or novate any or all of its obligations under the Agreement without Buyer’s consent.