Custom products require a 50% non-refundable down payment on the date of order confirmation unless otherwise negotiated. Remaining payment will be due prior to shipping of product and/or date of final invoice. Buyer's obligation to pay outstanding invoices and all other amounts is absolute and unconditional and is not subject to any abatement, reduction, set-off, defense, counterclaim, interruption, deferment or recoupment for any reason whatsoever. Balances remaining unpaid at due date are subject to a interest charge of 12% per year or the highest rate permitied by law, whichever is lower, until paid. Any discounts, rebates, administrative fees, credits, or other fees due or owed to Buyer will be applied against delinquent balances before payment or reimbursement is made.
Any disputed amounts should be reported immediately and remitied with the undisputed amount by the payment due date. If J.D. Inflatables agrees with the billing dispute, J.D. Inflatables will credit Buyer the amount of the agreed-upon billing dispute. All billing disputes must be made within six (6) months of the applicable invoice date or will be deemed to be waived.
J.D. Inflatables reserves the right in its sole discretion to require prepayment from any Buyer at any time and may refuse to sell and/or withhold further shipment until all overdue balances are made current. Buyer shall be liable for and shall reimburse J.D. Inflatables for all costs and expenses it may incur in connection with collection of any amounts owed to J.D. Inflatables or enforcement of its rights, including without limitation, reasonable attorneys' fees and expenses, court costs, and cost of collection agencies.