Woodford Oil Account Agreement
The information set forth in the account application is for the purpose of obtaining credit and is warranted to be true. I/we hereby authorized Woodford Oil Company to investigate all references and customary credit information sources including consumer credit report in repositories regarding my/our credit and financial responsibility for the purpose of obtaining credit and for periodic review for the purpose of maintaining the credit relationship.
Credit Terms: All invoices are due in full per the terms printed on the invoice or as otherwise expressly agreed. A finance charge of one and one half percent (1 ½%) per month or 18% per annum, or the maximum allowable by state law, may be assessed on delinquent invoices. Woodford Oil Company reserves the right to change its credit terms at any time. New credit terms may be applied to the existing balance on your account unless prohibited by law. COD restrictions may be placed on past due accounts.
Venue, Attorney Fees and Cost: In the event of default, and if this account is turned over to an agency and/or attorney for collection, the undersigned agrees to pay all reasonable attorney’s fees, and/or costs of collection whether or not suit is filed. Venue for any action arising out of or in any way connected to this agreement, at Woodford Oil Company’s option, shall lie in Randolph County, West Virginia. Applicant’s signature attests to financial responsibility, ability and willingness to pay in accordance with above terms.