Terms and Conditions

LCID General Terms and Conditions of Sale

1. Contract Formation

   • Possession of any LCID price list does not constitute an offer to sell. The sales contract shall be deemed valid only when LCID provides written confirmation of acceptance of the purchase order submitted by the Buyer, under the conditions set forth herein.

2. Prices and Quotations

   • All prices are stated in U.S. dollars (USD) and are based on EXW (Ex Works) terms at the LCID warehouse located at 2005 NW 115th Avenue, Miami, FL 33172, unless otherwise agreed in writing.
   • Quotations are valid for thirty (30) days from the date indicated on the respective documents, unless otherwise stated in writing.

3. Buyer’s Responsibility

   • The Buyer is responsible for reviewing and approving product specifications prior to placing the order, and for informing all parties involved in their project of such specifications and any subsequent changes.

4. Purchase Orders

   • All orders must include complete specifications: model or part number, quantity, price, processing dates, voltage, frequency, gas requirements, etc. Incomplete orders may be rejected or require correction, which could delay processing.
   • Once the order is confirmed by LCID, no changes or cancellations will be accepted unless expressly agreed to in writing by LCID.
   • Product delivery timeframes vary by manufacturer. LCID will inform the Buyer of the specific delivery times for each product.

5. Payment Terms

   • Accepted payment methods and applicable additional charges are detailed on the invoice. For distributors with approved credit, payment terms are net 30 days; for other buyers, advance payment is required based on the order amount.
   • Failure to pay will result in a late fee of 1.5% per month on overdue balances and may lead to suspension of future deliveries and/or legal action to recover outstanding amounts.

6. Special Orders and Out-of-Stock Products

   • • Products not available in inventory are considered special orders and are not eligible for cancellation, return, or refund.

7. Delivery Timeframes and Substitutions

   • Delivery dates are estimated and depend on the manufacturer. LCID shall not be held liable for delays or inability to supply due to manufacturer-related issues or force majeure events.
   • In the event of product unavailability, LCID may offer comparable substitute models, subject to prior notification and acceptance by the Buyer.

8. Storage and Penalties

   • Complete orders may not remain in LCID’s warehouse for more than 30 days from the date of availability. Starting on day 31, a storage fee of 2% per month will apply. On day 91, the order may be canceled and a restocking fee of 30% will be charged. The Buyer will be notified at least 10 days in advance before any charges or cancellations are applied.

9. Delivery, Risk Transfer, and Claims

   • Unless otherwise agreed, delivery is EXW at LCID’s warehouse. Risk transfers to the Buyer or their carrier at the time of pickup..
   • The Buyer must inspect the products upon receipt and, in case of damage, file a claim with the carrier immediately, with proper documentation noted on the delivery records.
   • If the Buyer wishes to postpone delivery, a specific date must be clearly stated in the original Purchase Order. If no required delivery date is indicated, it will be assumed that the order will be delivered as soon as the products arrive at LCID’s warehouse.

10. Export Documentation

    • The Buyer must provide LCID or its freight agent with the required export documentation within 10 days of shipment. Failure to do so will result in the obligation to pay applicable taxes and a $200 administrative fee.

11. Returns and Exchanges

    • Returns or exchanges of compliant products are not accepted. Sales of Open Box products are final and sold “AS IS.” However, in cases of hidden defects or latent faults, the Buyer may exercise the rights granted under applicable law.

12. Warranty

    • International Product Warranty:
      For countries where LCID has an authorized service center, LCID’s warranty covers the cost of parts and labor for 18 months from the date LCID ships to the distributor for in-stock units, or 15 months from the distributor’s invoice date to the Buyer’s shipment date or LCID’s direct shipment to the end customer—whichever is earlier. If the unit was installed by an unauthorized service center, the customer, or any third party, the warranty covers parts only for 12 months.
    • For countries without an authorized LCID service center, the LCID product warranty covers only the necessary replacement parts for repair, as specified in a service report issued by a technician, for 15 months from the invoice shipment date.
    • The warranty does not imply automatic product replacement under any circumstances, unless—after at least five repair attempts—the authorized service center, LCID, and the manufacturer determine that the product cannot be repaired.

13. Specific Conditions for Authorized Distributors

    Payment Terms

    • For distributors with approved credit, payment terms are net 30 days. A late interest charge of 1.5% per month will apply to any overdue balance.
    • Distributors must maintain a good credit standing with LCID in order for additional or pending orders to be processed or released.
    • For distributors without approved credit and individual buyers:
      • Orders under $10,000 must be paid in full at the time of purchase.
      • Orders over $10,000 require a minimum deposit of 50%, with the remaining balance due prior to shipment.
    • For distributors with approved credit, special orders require a 50% deposit at the time of order placement.

    Distributor Obligations

    • Market LCID products exclusively within authorized territories.
    • Comply with LCID’s pricing, promotional, and commercial policies.
    • Provide technical support and after-sales service in accordance with brand guidelines.
    • Do not resell to unauthorized third parties or engage in parallel distribution channels.

    Use of Brand and Promotional Materials

    • Distributors may use LCID’s brand, logos, and marketing materials solely for authorized commercial purposes, in compliance with LCID’s visual identity and communication guidelines.

    Audit and Compliance

    • LCID reserves the right to audit compliance with these conditions. Non-compliance may result in suspension or termination of the distribution agreement.

14. 14. Personal Data Protection

        • LCID will process the Buyer’s personal data in accordance with applicable data protection regulations, using such data solely for managing the contractual relationship and fulfilling legal obligations.

    15. Dispute Resolution, Jurisdiction, and Governing Law

In the event of any dispute arising from the interpretation or execution of this contract, the parties agree to make a good-faith effort to resolve the matter through direct negotiation. If no agreement is reached within 30 days, the parties commit to submitting the dispute to mediation before a neutral mediator mutually selected, in accordance with the mediation rules in effect in the State of Florida. Mediation costs shall be shared equally, unless otherwise agreed in writing.

Only if the dispute cannot be resolved through negotiation or mediation, the parties may submit to the exclusive jurisdiction of the competent courts in Miami, Florida, USA. The contract shall be governed by the laws of the State of Florida, unless otherwise agreed in writing.

16. Language

    • In the event of any discrepancy between versions in different languages, the Spanish version shall prevail.