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Lay-By Terms and Conditions

This document outlines the terms and conditions that apply to each Lay-by Agreement entered into with SEIKO Australia Pty Ltd (SEIKO) at the SEIKO Boutique, Shop 63, Lower Ground Floor, QVB, 455 George Street, Sydney 2000 (SEIKO Boutique). By entering into a Lay-by Agreement with SEIKO, you agree that you have read, understood and agree to these Lay-by Terms and Conditions.

1. Eligible Goods

1.1 Only goods that are part of the normal displayed product range at the SEIKO Boutique are eligible to be placed on Lay-by. To find out if a particular product is eligible for a Lay-by, please ask in-store. 

1.2 Any order for a product that is not part of the normal displayed product range at the SEIKO Boutique will be treated as a Special Order. Any Special Order is subject to the SEIKO Boutique Special Order Terms and Conditions. Please ask in-store for further details.

2. Lay-by Deposit

2.1 To establish a Lay-by Agreement you must pay a deposit (Lay-by Deposit) equal to 10% of the recommended retail price of the product to which the Lay-by Agreement relates (Lay-by Product).

3. Term 

3.1 Your Lay-By Agreement commences on the day that you pay the Lay-by Deposit.

3.2 You must pay the full recommended retail price of the Lay-by Goods within 55 days of paying the Lay-by Deposit.  

4. Payments

4.1 Payments must be made at the SEIKO Boutique. For each payment a register receipt will be issued, showing the amount paid and the outstanding balance. 

5. Collection of Goods

5.1 Payment must be made in full before you collect the Lay-by Product. 

5.2 No band adjustments, engraving or other alterations can be made to the Lay-by Product until it has been paid for in full. 

5.3 The Lay-by Product can only be collected from the SEIKO Boutique. You can only collect the Lay-by Product if you attend the store personally with a copy of your lay-by receipt issued at the time of commencing the lay-by, or a copy of a progressive payment receipt issued upon any lay-by payment, and present a photographic personal identity document (eg. Driver’s license).

6. Warranty 

All applicable guarantees commence when you collect the Lay-by Product.

7. Termination

7.1 Termination by the customer

(a) You are entitled to terminate your Lay-by Agreement at any time prior to you collecting the Lay-by Product.  

(b) If you do not pay the full recommended retail price within 55 days, you will be deemed to have terminated your Lay-by Agreement. 

(b) If you terminate your Lay-by Agreement, the deposit and any other payments that you have made will be refunded to you, less a Termination Fee of $50. The Termination Fee reflects SEIKO's reasonable costs relating to this Agreement. 

(c) If the money paid by you at the time your Lay-by Agreement is terminated is less than the Termination Fee, you will be required to pay the difference between the amount of money you have already paid and the Termination Fee. 

7.2 Termination by SEIKO 

(a) SEIKO may terminate your Lay-by Agreement if: 

(i) you breach a term of your Lay-by Agreement; or

(ii) SEIKO ceases to trade; or

(iii) the Lay-by Product is no longer available due to circumstances outside of SEIKO's control.