Transaction Failure and Repayment Clause Samples

Transaction Failure and Repayment. You acknowledge that a Failed Transaction, for any reason, does not automatically release you from the purchase and sale agreement. If designated by LaserTrade as a Failed Transaction for reasons unrelated to you and you have remitted payment pursuant to Section 4.2, the party you paid shall be responsible for returning the full payment of the Purchase Price. If the Failed Transaction is ultimately unsuccessful solely due to the fact that you have not undertaken to follow the instructions provided by LaserTrade, there will be no responsibility on any party to return to you the full or partial payment of the Device(s) Purchase Price, or where applicable, any fees paid to LaserTrade. In the case of a Failed Transaction, you cannot claim any breach of duty on the part of LaserTrade based solely on the fact that the has not been delivered to you but rather returned to the Seller.