Lenovo has reviewed its terms and conditions ans has decided to align certain terms across its businesses. As such, we are writing to notify you that in accordance with your Distributor ("the Agreement"). Lenovo hereby provides you with thirty(30) days notice of changes to the terms of the Agreement.
These changes are effective form February 25, 2016.
The following entirely replaces the section(s) Title and Risk of Loss.
When you order a Product we transfer title to you upon delivery to the Lenovo-designated carrier.
Products are owned by Lenovo until title has been transferred to you.We do not transfer title to software Products.
Your right to possession of Products will cease if you have not yet fully paid for the Products and
1) your actions entitle any person to appoint a receiver of administrative receiver of your property.
2) you become subject to any form of insolvency proceedings (or Lenovo has eason to believe any of the preceding events is likely to occur)
3) you fail to make payments hereunder when due, or
4) the Agreement is terminated We may then. in addition to any other remedies available to us. enter any premises to recover unpaid Products and require you no to resell or part with possession of Products until you have paid us. in full. all sums due to us.
You will pass title to any returned Products to Lenovo free from all encumbrances.
For each Product, Lenovo bears the risk of loss or damage up to the time it is delivered to the Lenovo-designated carrier for shipment to you. Thereafter, you assume the risk. Each product will be covered by insurance. arranged and provided by Lenovo for you. covering the period until it is delivered to you.
If you require further details of any of the changes, please contact your Lenovo Account Manager.
There is no need to sign or return any material to Lenovo.These changes are automatically effective from and including February 20, 2016.