Terms and Conditions of Trading
The client agrees to abide by the standard terms and conditions of trade as set out below;
All accounts are payable within 30 days from the date of the account.
2. NON PAYMENT
Non payment of accounts will invoke referral to a debt collection agency and then referral to solicitors for recovery.
3. DISPUTED ACCOUNTS
If any account is in dispute, the undisputed portion of the account shall be payable in accordance with normal terms of payment as provided in paragraph one hereof. Payment of the disputed portionmay be withheld provided the matter is brought to the Practice’s attention immediately it is discovered and a letter of explanations setting out the particulars of the dispute is sent to the Practice within 7 days of the dispute arising. The Practice will undertake the dispute immediately upon receipt of such advice.
4. INTEREST / LATE PAYMENT FEE
Failure to pay any account by the due date shall be a breach of our trading terms and the Practice may in respect of such account without prejudice to other rights or remedies charge penalty interest thereon at such rates as prescribed under the Penalty Interest Rates Act 1983.
5. An account fee of $6 per month will be charged on all accounts with outstanding balances over
6. A syndication/shared owner fee of $2 per month per horse will be charged on all syndicated/shared accounts.
7. THIRD PARTY COSTS
The customer shall pay or reimburse all costs and/or expenses incurred by the Practice in instructing a Solicitor and/or Debt Collection Agency to recover any amount overdue for payment and such costs and expenses shall bear interest as provided for in paragraph four hereof from the date upon which they are paid or incurred by the Practice up to and including the date upon which the client shall pay or reimburse the Practice.