Payment for Goods: Payment for goods sold is expected in accordance with the rules and regulations of the New York State Liquor Authority. Payment by business check will be accepted by Clare Rose Inc. as long as the account remains in good standing. In the event that three (3) checks are returned to Clare Rose Inc. for insufficient funds, Clare Rose Inc. will no longer accept checks from the account.
Provisions for Collection Expenses and/or Attorney's Fees: If any outside collection action is commenced by Clare Rose Inc. to recover payment due for goods sold and delivered, the undersigned agree(s) to pay an additional 25% of the amount owed in collection fees. If legal action is taken, applicant agrees to pay an additional 40% of the amount owed plus any and all attorney and court fees.
Guaranty of Payment: If licensee is a corporation, the undersigned agree(s) to be personally responsible for any merchandise sold and delivered to licensee by Clare Rose Inc. as if same were sold and delivered to undersigned. This is a guaranty of payment.