Sourcing and Purchasing Operations rank among strategically important activities in Lek, creating a bond with reliable business partners and sources from the global purchase market.

All purchasing activities are carried out in a manner consistent with the highest professional standards, guided by modern principles of purchasing practice and following the General Purchase Conditions as stipulated below:

Buyers general purchase conditions

1. Unless otherwise provided for in writing by both parties, the goods ordered are purchased on the buyers general purchase conditions.

2. The quality and quantity of the goods delivered should meet the specification in the order.

3. The buyer undertakes to perform quantity inspection of delivered goods in 30 (thirty) days from delivery of the goods, and quality inspection of delivered goods in 6 (six) months from delivery of the goods and to notify the supplier about defects in quantity and quality in 30 (thirty) days from the inspection.

   The buyer undertakes to notify the supplier about defects which may not or would not have been obvious at delivery by ordinary inspection (hidden defects) in 30 (thirty) days after he becomes aware of such defects.

   The supplier shall not be liable for defects which become obvious after 1 (one) year from delivery.

   In cases of justified and properly notified objections the buyer has the right to claim:

   - fulfilment of obligation,
   - reduction of the purchase price,
   - rescission of the contract.

   In each case the buyer has the right to claim compensation of the damage occured, including loss of profit.

   If the supplier does not acknowledge buyer's objection regarding the defects in quantity or quality the parties shall endeavour to settle such disagreement amicably. In the event that they fail to agree within 1 (one) month after notice of defects, the parties agree to nominate an independent third person or laboratory, acceptable to both parties and the result shall be binding on both parties. The charges of such independent third person or laboratory shall be borne by the party not supported by third person's or laboratory's decision.

4. The supplier undertakes to consider and carry out all the necessary safety regulations and measures for the transport of hazardeous substances. Receipt of goods shall take place in the buyer's warehouse according to his current regulations.

5. The supplier is obliged to notify the buyer of all technical and technological changes in the production process as well of any other change in the company which might exert an influence on the quality of the goods and to obtain from the buyer prior written consent.

6. Should the shipment not meet the order or be improperly or partly implemented the buyer shall be entitled to his rights according to law.

7. If the supplier fails to fulfil its obligations in due time, the supplier shall pay to the buyer a contractual penalty of 0,5 (half per cent) % of the order value. If the damage occured to the buyer exceeds the amount agreed in the above paragraph the buyer has the right to claim the difference to the full amount of the compensation.

8. The parties agree to resolve any disagreement or dispute amicably and if this is not possible hereby submit to the jurisdiction of the Courts of Slovenia. This agreement shall be governed by and interpreted in accordance with the substantive laws of Slovenia.