In consideration of Cymed extending credit to the applicant named above and other good and valuable considerations, the sufficiency of which is hereby acknowledged, the applicant agrees that all charges shall be satisfied in 2% net 30 or according to the terms set forth on the invoice. No other terms are allowed or implied unless specified in writing and signed by both parties. Forms of payment are credit card, EFT, or by check.
Cymed reserves the right, at its sole discretion, to change payment terms (including cash upon delivery) or limit total credit in lieu there has been a unfortunate change in the Applicant’s financial condition or any unsatisfactory payment performance; or customer ceases to meet Cymed's credit requirements or Cymed determines that the Applicant is likely to cease meeting such requirements. Upon the occurrence of any of the above specified events and / or others not specifically mentioned, Cymed further shall be entitled to suspend or discontinue the shipment of any orders to the Applicant.
Sales tax will be assessed and added to invoices as per the law unless the Applicant furnishes Cymed with proof as required by the Applicant’s state, that they are in fact exempt from paying sales tax.
Applicable freight shall be assessed and added to invoices. It will be taxed or not taxed as per applicable laws.
Applicant has 15 days from the date of said invoice to notify Cymed in writing of any errors in pricing. The parties shall than work together toward an amicable agreement to resolve the issue.
SHIPPING ERRORS / DAMAGED SHIPMENTS:
Applicant must contact Cymed in writing any short shipments with details and / or damaged product with details. This said written document must notate the issue in detail. In cases where a damaged product is not visible until received, applicant must notify Cymed's Accounting Department within 3 business days.
In the event the payment is not received by the due date as stated on the invoice, a penalty of .75% will be imposed for EACH SEMI MONTHLY STATEMENT PERIOD (or 1.5% per monthly statement period), that the invoice is past due. (18% per annum).
Cymed will issue a separate charge of $25.00 per occurrence, on all payments returned for nonsufficient funds (NSF) or uncollected funds. Applicant agrees to pay for all purchases, fees and other charges incurred by applicant or an authorized user on any account of applicant, including penalty on past due amounts at the highest rate permitted by law.
If this account is turned over for collection, the applicant agrees to pay all costs of collection, including reasonable attorney fees and court costs, whether suit is brought or not. Applicant and Creditor acknowledge that this agreement is entered into in the State of Florida, and shall be governed by the laws of the State of Florida. Exclusive venue and jurisdiction for any suit or action arising under this payment schedule, credit application or related document shall be in the Circuit Court of Sarasota County, Florida. Any other jurisdiction and venue is expressly waived by both parties.