PURCHASE ACKNOWLEDGEMENT AND ACCEPTANCE
We are pleased to have you for a new customer and are looking forward to a business relationship with you. The party who is financially responsible for debt(s) incurred personally or by authorized representatives during the course of this business relationship are required to sign this Acknowledgement and Acceptance form and return a copy to this office as part of the application process.
Invoices – All invoices are to be paid in accordance with the terms that have been issued to the account that you are responsible for. This applies to each invoice due date as well as the credit limit.
Authorized Purchasers – “Authorized Purchasers” will be considered individuals who are allowed by the financially responsible party to place orders and incur debt on the account.
Finance Charges/Late Fees – All past due invoices and other accrued fees will be charged a Late Charge at the periodic rate of 1.50% per month. Annual percentage rate is 18%.
Credit Limit – Should your account exceed the credit limit that has been extended to your business, GloryBee reserves the right to demand payment in an amount that will bring the balance of your account within your credit limit.
Default of Payment – Should past due invoices in any amount be outstanding for 30 days or more beyond the invoice due date, GloryBee may declare the entire unpaid balance immediately due and payable.
Secondary Terms & Conditions – Should GloryBee accept a mutually agreed payment plan to bring a past due account current, in no way constitutes a waiver of the original terms and conditions of the account, nor your obligation to pay within the original terms after the account becomes current.
Collections – In the event that an account is placed with an attorney or professional collection agency, any fees incurred in the collection process will be added to the account balance along with principal and interest.
Jurisdiction and Venue – In the event that legal action is required, the jurisdiction will lie in the State of Oregon and venue for any action shall be in Lane County Oregon. As the financially responsible party for this account, I acknowledge and accept GloryBee policies and practices, which is evidenced by my signature below.