All invoices are considered due and payable 30 days from date of invoice unless otherwise noted on invoice. Payments made 30 days past the due date are subject to a late payment charge at the rate of 1.5% per month (18% per annum). If payments are overdue, current orders may not be shipped until full payment of all overdue invoices is received. Orders:
All orders are subject to acceptance by Harmony Lamps which acceptance shall only be by letter or performance.
Notwithstanding any other provisions, whenever Harmony Lamps in its sole judgment, has any doubts as to buyer’s credit or ability to make payment in cash, Harmony Lamps reserves the right to require payment in advance of shipment.
If back payments are due, Harmony Lamps reserves the right not to ship orders until full payment for all back invoices is received. American Harmony Lamps reserves the right to maintain a credit limit on all accounts. Product remains the property of Harmony Lamps, Inc., until paid for in full.
None of the provisions of a customer purchase order or any acknowledgement thereof, except those specifying, quantity and shipping instructions, will be considered applicable to the purchase.
Harmony Lamps, Inc., reserves the right to limit orders within any given month to no more than 125% of a customer’s average monthly purchases calculated over the previous 12 months.