Applicability

These Purchase Order (PO) terms apply to every PO issued by BPB Financial Services Private Limited to a vendor / supplier / service provider, unless expressly overridden in writing by an authorised signatory of the Company.

Prices & payment

Prices are fixed and firm and inclusive of all taxes unless GST is separately called out. Payment terms are NET 30 days from receipt of a compliant tax invoice + acceptance of the goods/services. Any advance is treated as security-deposit against performance.

Delivery & acceptance

Delivery must occur on or before the date on the PO. Vendors are liable for liquidated damages of 0.5% per week of delay, capped at 5% of PO value. Acceptance criteria and inspection windows are specified per PO.

Warranty & indemnity

Vendor warrants that goods/services conform to specifications, are free of defects, and do not infringe any third-party IP. Vendor shall indemnify the Company against any claims arising out of breach of this warranty.

Confidentiality & IP

All Company data disclosed to the Vendor is confidential. All IP created under a PO is a work-for-hire and belongs exclusively to the Company. Vendor retains no residual rights.

Governing law & dispute resolution

These terms are governed by Indian law. Disputes shall be resolved by arbitration under the Arbitration & Conciliation Act, 1996 seated in Jaipur, in English, before a sole arbitrator appointed by the Company.