Application for a Vendor Account

  • ACCOUNT AGREEMENT. In the event that My Moissanite Inc. extends credit to the customer, payment terms on gemstone purchases are net 30 days. My Moissanite Inc. reserves its right in its sole discretion to cancel/reduce credit and refuse to make future credit sales. Invoices sent to customer via Paypal or other means are considered contractual. Customer agrees to review immediately upon receipt, each of My Moissanite Inc.’s invoices and advise My Moissanite Inc. of any discrepancy/dispute within 15 days of receipt of each such invoice, together with a written statement for any discrepancy/dispute for any amount on any single statement. Failure to do so constitutes a waiver of any claim for such discrepancy/dispute. An additional 2% per month interest charge will be charged on all amounts not paid within 30 days after due date, both before and after judgment, and continuing each month until paid in full. In the event of default, the undersigned agrees to pay all costs of collection, including fees of any collection agency and attorneys fees whether hourly or contingent, together with costs of court and further agrees that any legal action brought hereunder may be brought in Vancouver, BC. No terms or conditions hereof may be changed except by written consent of My Moissanite Inc. All sums due for goods purchased, by, for, or on behalf of the undersigned are payable to My Moissanite Inc. at 3308 E 25th Ave., Vancouver, BC V5R1J8. Payments can be made by check or via PayPal. This Agreement shall be binding upon the successors and assigns of (Debtor) (“Debtor”) and regardless of any subsequent incorporation, reorganization, merger, consolidation of Debtor, change of partners, change of name or any other change in the composition of Debtor. The undersigned warrants that he/she has the authority to execute this Account Agreement for Debtor and to bind said company to the terms contained herein and further certify that the information provided herein is true and correct. Customer further certifies that this request is for the extension of credit for business purposes. Debtor hereby accepts and agrees to the terms and conditions stated above including the payment terms. I/we hereby authorize you or your agent/representative to secure a credit report regarding Debtor from time to time in connection with the extension or continuation of credit represented by this Agreement or the collection of debts resulting there from. Debtor further agrees to the release of credit information, including the reporting of credit history to credit reporting agencies, consistent with the Fair Credit Reporting Act 15 U.S.C. §1681, et seq., as amended. This authorization shall be continuing without expiration. A photocopy, facsimile, or digital copy shall be given the same effect as the original.