Article 1

Each invoice is payable within thirty calendar days, date of invoice. Payments after this term cause annual interests on overdue payments by right and without proof of default equal to 10% as from date of invoice, with a minimum increase of 100 € as claim for damage.

Article 2

At the beginning of the project, an advance invoice of 30% of the total amount is send to the client.

Each order implies the principal’s acceptance of our conditions.

Article 3

In case of dispute, only the justice of the peace court of the district or the courts of the county court circuit of our registered office are competent, unless the law makes it otherwise imperative. Belgium law is always applicable.

Article 4

Each cancellation of an order has to be made in writing. It is only valid subject to a written acceptance by OLFASCAN N.V.. In case of cancellation a fixed compensation is due of 15% of the price of the order. If the study has already started, the actually made costs will be charged.

Article 5

Delivery terms are merely for information and are not binding unless explicitly agreed otherwise.

Article 6

Additional travel- or insurance expenses, if any, are always for the account of the principal, unless explicitly agreed otherwise.

Article 7

OLFASCAN N.V. is not liable, unless in case of serious mistakes, for any material or physical damage that may arise with the principal or with a third party as a consequence of the services rendered or as a consequence of a misinterpretation of the supplied results of research or analysis.  Analysis results mentioned in the report are data that were valid at the time of the measuring. These data are not necessarily subject to extrapolation to other times or circumstances.

Article 8

The research results remain the principal’s intellectual property and will not be published or made known to a third party by Olfascan N.V. without the principal’s written authorisation.  OLFASCAN N.V. reserves the right to mention studies in the context of giving references to potential new customers, without however publishing the content of the study. Under the terms of the privacy legislation, a customer’s name can be removed from the reference list upon his simple written request.