Morgan Industrial Technology Payment Terms and Conditions

All tax exemption documents must be provided in advance of purchase. If an invoice is created and no tax exemption has been provided, any taxes calculated must be paid to Morgan Industrial Technology, Inc.

Shipping and handling charges are added to ALL orders. MIT Inc. utilizes UPS shipping services. Some items require freight shipping.

Customers with Net Terms consent to a credit check to be approved. MIT Inc.'s standard terms are Net30.

Customers with Prepay Terms must pay invoices before shipment. Unpaid invoices aging 10 or more days are subject to cancellation for non-payment.

Any invoice that exceeds the terms agreed upon by 10 or more days, will incur a finance charge of 12% annualized, compounded daily upon assessment at the end of each month. Unapplied credit memos will not reduce calculated charges. Please notify us of how to apply credit memos at the earliest opportunity.

Unpaid balances may be assigned to external collections at the discretion of MIT Inc. Any and all fees accrued in the collection effort will be added to the outstanding balance.

This agreement is to be governed by, construed, and interpreted in accordance with the laws of Missouri without regard to any conflicts of law doctrine, and the parties agree that jurisdiction is proper, and that venue shall be held in Christian County, MO.