SMT reserves the right to seize and quarantine any / all suspected counterfeit products it receives from seller on the Purchase Order. Suspect counterfeit products may be forwarded to the IP holder (Original Component Mfg) and / or the appropriate Federal or State authorities for final analysis, possible confiscation and / or destruction. If products furnished by the Seller are determined to in fact be counterfeit, Seller agrees to reimburse SMT Corporation the full purchase price paid as well as any shipping or 3rd party testing charges incurred by SMT Corporation.
SMT Corporation defines counterfeit / suspect electronic parts as:
- Substitutes or unauthorized copies of a product
- A product as defined by the manufacturer’s part number identification, date code and manufacturers’ identification (logo, trademark) in which the materials used or the performance of the product has changed without notice by someone other than the original manufacturer of the product
- A substandard component misrepresented by the supplier
- Products that have been re-topped (black-topped), remarked or otherwise fraudulently altered and / or misrepresented by a 3rd party