Common use of Rate and Payment Clause in Contracts

Rate and Payment. Payment of balance is due prior to final delivery. A finance charge of (8%) percent per month, not to exceed the maximum rate allowable by law, shall be applied each month to past due balances. A handling charge of $30.00 will be assessed for each returned check. All payments are not refundable and not available for future credit purposes.

Appears in 2 contracts

Sources: Advertising Agreement, Advertising Agreement