1. Payment Terms: All invoices are due net 30 days from the invoice date unless otherwise agreed in writing.
2. Invoice Disputes: Any disputes must be submitted in writing within 30 days of the invoice date. Undisputed portions must be paid in full pending resolution.
3. NSF Charges: All NSF payments are subject to a $25.00 administration fee.
4. Default & Credit Suspension: Failure to comply with these terms may result in:
- Suspension or cancellation of credit privileges without notice
- Immediate payment of all outstanding balances
5. Collection Costs: The applicant agrees to pay all reasonable costs incurred by Apex in collecting overdue amounts, including legal fees, court costs, and collection agency fees.
6. Accuracy of Information: The applicant certifies that all information provided is true and correct and authorizes Apex to verify credit and reference information.
7. Change of Ownership: The applicant must notify Apex Overhead Ltd. in writing of any change in ownership or control.
8. Security Interest: The applicant grants Apex Overhead Door Ltd. a security interest in any materials, equipment, or property supplied or stored by Apex Overhead Door Ltd. until all amounts owing are paid in full.