Common use of Reversal of Payment Clause in Contracts

Reversal of Payment. In the event Owner makes a payment as required under this Customer Agreement, and then subsequently reverses payment either in the form of a stop payment on a check, or a chargeback on a credit card payment, Owner acknowledges and agrees that such act is a breach of this Customer Agreement by Owner. In such a case, the Owner acknowledges and agrees that Home Works Painting is relieved of its responsibility to perform any further work on the project until payment is made in full for the entire Contract amount and any other amounts due pursuant to this Customer Agreement. Owner agrees to pay an administration fee of $35.00 for any NSF (non-sufficient funds) checks or checks subsequently cancelled via a stop payment. Owner agrees to pay an administration fee of $35.00 for any credit card tendered as payment, but subsequently charged back by the issuing bank. Owner acknowledges and agrees that in the interim Home Works Painting shall have the right to pursue collection of such payment. Separate Contracts/Options – Any item of work including carpentry work listed under Additional Options on the front of this Customer Agreement or on a separate contract shall be treated as a separate Customer Agreement with the same General Terms and Conditions as the original work. The parties agree that each option is a separate contract with a separate schedule. In the event scheduling or completion of a separate option designated on the front of this Customer Agreement prevents the original work from being completed, Owner acknowledges and agrees to consider the project substantially complete and abides by the SUBSTANTIAL COMPLETION policy as defined below.

Reversal of Payment. In the event Owner makes a payment as required under this Customer Agreement, and then subsequently reverses payment either in the form of a stop payment on a check, or a chargeback on a credit card payment, Owner acknowledges and agrees that such act is a breach of this Customer Agreement by Owner. In such a case, the Owner acknowledges and agrees that Home Works Painting is relieved of its responsibility to perform any further work on the project until payment is made in full for the entire Contract amount and any other amounts due pursuant to this Customer Agreement. Owner agrees to pay an administration fee of $35.00 for any NSF (non-sufficient funds) checks or checks subsequently cancelled via a stop payment. Owner agrees to pay an administration fee of $35.00 for any credit card tendered as payment, but subsequently charged back by the issuing bank. Owner acknowledges and agrees that in the interim Home Works Painting shall have the right to pursue collection of such payment. Separate Contracts/Options – Any item of work including carpentry work listed under Additional Options on the front of this Customer Agreement or on a separate contract shall be treated as a separate Customer Agreement with the same General Terms and Conditions as the original work. The parties agree that each option is a separate contract with a separate schedule. In the event the scheduling or completion of a separate option designated on the front of this Customer Agreement prevents the original work from being completed, Owner acknowledges and agrees to consider the project substantially complete and abides abide by the SUBSTANTIAL COMPLETION policy as defined below.

Reversal of Payment. In the event Owner makes a payment as required under this Customer Agreement, and then subsequently reverses payment either in the form of a stop payment on a check, or a chargeback on a credit card payment, Owner acknowledges and agrees that such act is a breach of this Customer Agreement by Owner. In such a case, the Owner acknowledges and agrees that Home Works Painting is relieved of its responsibility to perform any further work on the project until payment is made in full for the entire Contract amount and any other amounts due pursuant to this Customer Agreement. Owner agrees to pay an administration fee of $35.00 for any NSF (non-sufficient non­sufficient funds) checks or checks subsequently cancelled via a stop payment. Owner agrees to pay an administration fee of $35.00 for any credit card tendered as payment, but subsequently charged back by the issuing bank. Owner acknowledges and agrees that in the interim Home Works Painting shall have the right to pursue collection of such payment. Separate Contracts/Options – Any item of work including carpentry work listed under Additional Options on the front of this Customer Agreement or on a separate contract shall be treated as a separate Customer Agreement with the same General Terms and Conditions as the original work. The parties agree that each option is a separate contract with a separate schedule. In the event the scheduling or completion of a separate option designated on the front of this Customer Agreement prevents the original work from being completed, Owner acknowledges and agrees to consider the project substantially complete and abides abide by the SUBSTANTIAL COMPLETION policy as defined below.