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Terms and Conditions
of Credit Agreement
1. Applicant agrees that any extension of credit
by Axicon World Imports Inc. shall be subject to the following terms
and conditions:
a) All accounts shall become due 30 days
after the date of the original invoice.
b) There shall be a service change of 24%
annum on all overdue accounts.
c) Payments shall be applied as
follows: first against outstanding service charges, second
against overdue accounts
and
third against accounts not yet due.
d) All collection expenses, including legal
costs (including those between attorney and client) which may be
incurred
by Axicon World Imports Inc., in attempting to collect any
amounts owing by the Applicant to Axicon World Imports
Inc. shall be
paid by the client.
2. The undersigned represents himself/herself as being an authorized
representative of the Applicant with authority to enter
into this
agreement.
3. In the event the Applicant is a limited company, the undersigned
guarantees to pay all amounts owing by the Applicant to
Axicon World
Imports Inc.
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