TERMS OF BUSINESS
Payment for invoices raised in the previous month must be cleared in our account or a cheque received by Wright Bros. Ltd by the 21st of the current month.
We reserve the right to withhold further supplies if the period is exceeded. If the period is exceeded, the account will automatically be put on hold until all outstanding invoices have been settled and a County Court Judgement may be issued.
We understand and will exercise our statutory right to interest under the Late Payment Of Commercial Debts (Interest) Act 1998 if we are not paid according to agreed credit terms.
I request credit facilities be provided for this company and undertake settlement in accordance with the Terms of Business (above), the conditions of which have been read and accepted.