Payment & Credit Terms
Please submit all Purchase Orders by email to email@example.com. Purchase Orders are accepted On Approved Credit only.
For customers with established Reliability Direct credit, payment terms are net thirty (30) days from the date of shipment or pick-up of products. All credit extended by Reliability Direct to customer, and the limits of such credit, is at Reliability Direct's sole discretion, and may be reduced or revoked by Reliability Direct at any time, for any reason. As a condition for the continued extension of credit, customer agrees to provide Reliability Direct with current credit references upon request by Reliability Direct. Reliability Direct reserves the right to charge a convenience fee for late payments. Reliability Direct further reserves the right to charge customer a late payment fee at the rate of one and one-half percent (1-1/2%) of the amount due for each month or portion thereof that the amount due remains unpaid, or such amount as may be permitted under applicable law. Anticipation and cash discounts are not allowed. Export orders are subject to special export payment terms and conditions. All payments must be made in U.S. dollars. Reliability Direct has the right of set-off and deduction for any sums owed by customer to Reliability Direct.
If customer fails to make payment within thirty (30) days of shipment or pick-up, or fails to comply with Reliability Direct's credit terms, or fails to supply adequate assurance of full performance to Reliability Direct within a reasonable time after requested by Reliability Direct (such time as specified in Reliability Direct's request), Reliability Direct may defer shipments until such payment or compliance is made, require cash in advance for any further shipments, demand immediate payment of all amounts then owed, elect to pursue collection action (including without limitation, attorneys fees and any and all other associated costs of collection), and/or may, at its option, cancel all or any part of an unshipped order. Additionally, customer, and each of its subsidiaries and affiliates, agrees to provide to Reliability Direct proper authorization necessary for Reliability Direct to request any financial information from third parties.
Customer agrees to assume responsibility for, and customer hereby unconditionally guarantees payment of, as provided herein, all purchases made by customer, its subsidiaries and affiliates. Each of customer's subsidiaries and affiliates purchasing from Reliability Direct are jointly and severally liable for purchases with customer, and customer is also acting as agent for such subsidiaries and affiliates.