TERMS AND CONDITIONS
1. CORRECTNESS OF INFORMATION.
By submitting this form, you affirm that the information provided herein are true and correct. Any misrepresentation or incorrect information found by the bank shall be cause for denial or rejection of the return.
2. RETURN INTEREST.
There will be an annual 3% fee after the one year free trial. The Applicant shall earn the return in one year with the interest rate of five percent (5%) per annum. The interest rate shall be earned on the final payment of the return period.
3. LATE PAYMENT.
Late payments made by the applicant every year shall incur late payment charges of three percent (3%).
4. ADVANCED PAYMENTS.
The Applicant may pay the installments in advance or pay the installments in full at any time.
5. PAYMENT OF INSTALLMENT METHOD.
The Applicant shall make payments under this installment either in direct deposit, cheque, cash, or any negotiable instrument to any branch of the bank.
6. DISPUTES IN CASE OF BREACH.
In case of dispute, claim, or controversy arising due to breach of this agreement, the parties may submit to arbitration chosen by both parties. The parties shall divide the cost and expenses to the proceeding in equal sums. Further, the losing party shall pay the cost of attorney's fees of the prevailing party, other than the dispute award.
7. CONFIDENTIALITY.
Any information that the bank may acquire through the course of this agreement shall be recognized as Confidential Information. The bank shall keep confidential the confidential information and shall exercise the same degree of care required by law.
8. SEPARABILITY CLAUSE.
Should any provision of this Agreement be held invalid by any competent court, the same shall apply only to the provision involved and the remaining provisions hereto shall remain valid and enforceable.
9. AGREEMENT MODIFICATION.
Any modifications or alterations to this agreement shall only be considered as agreed by the parties in the existence of a written document signed by both parties.
10. COUNTERPARTS.
This agreement may be executed in two or more counterparts each of which shall be deemed an original and all of which together shall constitute one and the same agreement.
11. GOVERNING LAW.
This agreement shall be governed by and construed in accordance with and only of the laws of the Province of Ontario.
12. RELATIVITY.
This agreement inures to the benefit of, and is binding upon the successions and assigns of the parties hereto.
13. NON-WAIVER.
The failure of any party to insist upon the strict compliance with and performance of any of the terms, conditions, and covenants shall not be deemed as a waiver of said party may have over such breach. Only by expressed written consent and duly signed by the parties may a proper waiver be considered as having been made.