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1. The normal payment
terms are 30 days from the end of the month of purchase.
2. Should it be considered necessary by Brisbane Total Cleaning
Supplies ABN 24 909 172 094 (hereinafter referred to as “the
Supplier”) to incur legal and/or other expenses including any
such expenses to any agency licensed under the Security Investigation
Agents Act (as amended) in obtaining or attempting to obtain payment
of any amount due by the applicant, the applicant is liable for the
payment of those expenses.
3. Interest at current
bank overdraft rates may be charged on any overdue amount on the account
and further, in consideration of any grant of credit; the applicant
expressly undertakes to pay all such interest.
4.
Property in the goods supplies shall remain vested in the Supplier
and shall not pass to the applicant until all monies owing by the
applicant to the Supplier, together with all collection, repossession
and/or legal cost incurred, have been paid in full, plus GST where
applicable. Notwithstanding the foregoing, the goods are at the entire
risk of the applicant from the time of delivery. In the event that
the applicant defaults in the payment of any monies owing hereunder,
the Supplier and its employees or agents shall have the right to enter
without notice upon the applicant’s premises or any other premises
where the goods are known to be stored to repossess the goods and
for the purpose the applicant shall grant reasonable access rights
and the Supplier and its employees or agents shall be entitled to
do all things required to secure repossession.
5.
The Supplier reserves the right to cancel any trading arrangements
without prior notice to the applicant.
6. The applicant
hereby agrees to charge all of its property (both real and personal
and wheresoever situated) in favour of the Supplier to secure any
sum at any time owing by the applicant to the Supplier, and in recognition
thereof the applicant:-
6.1 authorises the Supplier
at its discretion to lodge a caveat over any real estate owned by
the applicant; and
6.2 Undertakes to enter into a mortgage
on such terms and conditions as the Supplier deems fit. |
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