Terms

Terms And Conditions

For the purpose of establishing credit with IAC Supply Solutions, Inc., its divisions and/or affiliates, the undersigned warrants the information listed on this application to be true, correct and complete to the best of their knowledge.  The undersigned hereby authorizes IAC Supply Solutions, Inc. its divisions and/or affiliates to perform any credit investigation needed to verify information contained in this application, including a D & B report, which may be requested periodically.  Customer agrees to pay all goods purchased from IAC Supply Solutions, Inc. in U.S. dollars by the due date accordingly to payment terms of Net 30 days from date of invoice.  The customer’s obligation to pay IAC Supply Solutions, Inc. remains independent from the customer’s ability to be remunerated by any third-party and, further, the customer shall not hold back and/or delay payment to IAC Supply Solutions, Inc. based on any retainage being held by a third-party on behalf of the customer.  IAC Supply Solutions, Inc. reserves the right to charge at any time a monthly service charge of 1.5% per month on any past due account.  In the event of non-payment of any account when due, IAC Supply Solutions, Inc. may demand immediate payment of the full balance due together with finance charges and the customer may be liable for any reasonable attorney’s fees, costs and expenses incurred on behalf of IAC Supply Solutions, Inc. to collect amounts owed.  Any litigation that should become necessary will be governed by and commenced exclusively in the courts within the venue of Shelby County, Tennessee.  Customer agrees to provide updated credit information upon request and to notify IAC Supply Solutions, Inc. of any change in ownership, purchasing procedures, authorized purchasers or bankruptcy.  To the fullest extent permitted by applicable law, customer agrees to defend, indemnify, and hold harmless IAC, from and against any and all claims, damages or loss (including attorney’s fees) arising from, resulting from, or related to the furnishing of materials by IAC.  Under no circumstances shall IAC Supply Solutions, Inc. be bound by any other terms and conditions unless agreed to in writing.