Elektron enters into formal contracts with clients, partners, and vendors to ensure clarity, transparency, and accountability in all business transactions. This page outlines the general structure and principles governing our contractual relationships.
Scope of Contracts
Contracts issued by Elektron cover areas including product supply, energy storage system deployment, maintenance services, research collaborations, design partnerships, and long-term operational agreements. Each contract clearly specifies deliverables, timelines, and responsibilities.
Contract Formation
A contract becomes valid only when both parties:
- Review the full terms,
- Sign the agreement physically or digitally, and
- Acknowledge the obligations outlined.
- Unsigned or partially reviewed documents are not considered legally binding.
Client Responsibilities
Clients engaging with Elektron must provide accurate information, required permits, site access, and timely approvals. Delays caused by incomplete information or non-cooperation may impact project timelines and associated costs.
Elektron’s Responsibilities
Elektron commits to delivering products and services with precision, safety, and quality. We ensure compliance with applicable technical standards and strive to meet all agreed-upon timelines unless external conditions create unavoidable delays.
Pricing & Payment Terms
All pricing, payment schedules, and billing procedures are clearly outlined within each contract. Payments must be made within the agreed terms. Late payments may result in interest charges or temporary suspension of services.
Confidentiality
Both parties must maintain strict confidentiality regarding technical data, designs, project plans, pricing, and proprietary information shared during the contract period. Unauthorized disclosure is strictly prohibited.
Contract Modifications
Any changes to scope, timelines, specifications, or pricing must be agreed upon in writing and signed by both parties through an addendum. Verbal changes are not recognized as contractual modifications.
Termination Clause
Either party may terminate the contract under specific conditions such as breach, non-performance, or unforeseen circumstances. Termination terms—including notice period, refund eligibility, and asset handling—are included in each agreement.
