Warranty Parts Scrapping Document

WARRANTY PARTS SCRAPPING DOCUMENT

This Warranty Parts Scrapping Document (the "Document") is made and entered into by the parties identified below for the authorized destruction and disposition of parts previously subject to a warranty claim. Owner/Claimant Name: Scrapping Agent Name:

WHEREAS

WHEREAS, Owner/Claimant represents that certain parts listed in this Document were subject to warranty claims identified by the warranty claim numbers set forth below and are no longer intended for return to service; and

WHEREAS, Scrapping Agent is authorized by Owner/Claimant to render such parts permanently inoperable and to dispose of them by destruction, recycling, or other approved disposition methods in accordance with the terms set forth herein; and

WHEREAS, the parties desire to set forth the scope, method, compensation (if any), certification of destruction, record retention and releases related to the scrapping of the parts.

PARTY CONTACT INFORMATION

SCOPE OF WORK

The Scrapping Agent shall perform the following services with respect to the parts listed in the Parts Inventory below: render the parts permanently inoperable, document the method of destruction, store photographic or video evidence if requested, and provide a written certificate of destruction to Owner/Claimant upon completion.

PARTS INVENTORY

Complete and accurate listing of parts to be scrapped (add additional sheets if necessary).

Item No.:   Part Description:   Serial/Model No.:   Qty:

Warranty Claim No.:   Defect Summary:   Disposition Method:   Scrap Value:

Item No.:   Part Description:   Serial/Model No.:   Qty:

Warranty Claim No.:   Defect Summary:   Disposition Method:   Scrap Value:

Item No.:   Part Description:   Serial/Model No.:   Qty:

Warranty Claim No.:   Defect Summary:   Disposition Method:   Scrap Value:

Item No.:   Part Description:   Serial/Model No.:   Qty:   Warranty Claim No.:

Defect Summary:   Disposition Method:   Scrap Value:

CERTIFICATION OF DESTRUCTION / DISPOSITION

Scrapping Agent certifies that the parts listed above will be rendered permanently inoperable by the approved method(s) and that the following conditions shall be met:

Scrapping Agent will render parts irreparable and unusable.

Scrapping Agent will retain photographic or video documentation and will provide a Certificate of Destruction to Owner/Claimant within days of completion.

PAYMENT TERMS

Owner/Claimant agrees to compensate Scrapping Agent as follows for services and/or scrap value processing.

Interest at % per month on overdue amounts, or a flat late fee of , whichever is greater.

TERM AND TERMINATION

This Document commences on Start Date: and continues until End Date: unless earlier terminated in accordance with its terms.

Either party may terminate this Document for convenience upon prior written notice delivered at least days prior to termination. Termination shall not relieve either party of obligations accrued prior to the effective date of termination, including payment and preservation of records.

CONFIDENTIALITY

Each party shall maintain the confidentiality of non-public technical, business and financial information disclosed by the other party in connection with this Document. Confidential information shall not include information that is publicly known or that a receiving party can demonstrate was already lawfully in its possession. The obligations in this clause survive termination of this Document for a period of three (3) years.

INDEMNIFICATION

Each party shall indemnify, defend and hold harmless the other party and its officers, directors, employees and agents from and against any and all claims, liabilities, losses, damages and expenses (including reasonable attorneys' fees) arising out of the indemnifying party's negligence, willful misconduct, or breach of this Document.

GOVERNING LAW

This Document shall be governed by and construed in accordance with the laws of the jurisdiction specified below without regard to conflict of law principles.

ENTIRE AGREEMENT

This Document constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, negotiations and understandings, whether written or oral, relating to such subject matter. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

RECORDS AND RETENTION

Scrapping Agent shall retain all records, photographs, videos and certificates of destruction for a period of not less than years and shall make such records available to Owner/Claimant upon reasonable request during that period.

RELEASE

Upon completion of the certified destruction and payment (if applicable), Owner/Claimant releases Scrapping Agent from further liability relating to the listed parts, except for obligations arising from fraud, willful misconduct or breach of warranty in this Document.

ADDITIONAL TERMS

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