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Universal Instruments Corporation's Purchasing Terms and Conditions outline the agreement between the company (Buyer) and its suppliers. Key points include:

1. Definitions: The Buyer is Universal Instruments Corporation, and the Supplier is the entity addressed in the Purchase Order (PO).
2. Conditions of Agreement: The PO represents the sole agreement between the parties, unless a separate Supplier Agreement is in place.
3. Shipping/Delivery: Suppliers must package and ship products according to the Buyer's specifications and use appropriate care to ensure compliance with regulations.
4. Time of Essence: Timely delivery is crucial, and failure to deliver on time may result in the Buyer purchasing replacements elsewhere, with the Supplier liable for costs and damages.
5. Acceptance and Termination: The Buyer reserves the right to reject non-conforming products and terminate the PO with or without cause.
6. Price and Payment: The Buyer is responsible for paying sales and use taxes, and payment terms are net 60 days unless otherwise specified.
7. Warranty: The Supplier warrants that products will be free from defects, conform to specifications, and comply with applicable laws and regulations for a period of two years.