Purchase Agreement

Purchase Agreement

The owners or, if corporation, the officers are:
Present Suppliers:
Bank Name:
Parties hereby agree that all purchases made are subject to the following terms and conditions:
  1. The undersigned purchaser hereby agrees that all amounts due for goods and services purchased from The Office Shop, Inc. are payable at 131 Village Square, Batesville, IN 47006.
  2. The undersigned purchaser hereby agrees that all amounts due The Office Shop, Inc. are payable 30 days following the date of invoice. If any amounts due The Office Shop, Inc. are not paid within said period, the undersigned purchaser agrees to pay a service charge of 2% per month of the outstanding balance which shall be added to the sum due.
  3. The undersigned purchaser agrees to pay, in the event his account becomes delinquent and is turned over to an attorney for collection, attorney’s fees in an amount equal to one-third of the total unpaid account (including unpaid principal and late charges) plus all court cost and attendant collection cost.
  4. The parties hereby acknowledge that the goods and/or services purchased from The Office Shop, Inc. are not payable in installments, but are payable in full as stated herein.
  5. This agreement is to be construed and interpreted under the laws of the State of Indiana.
For Corporations - Please Complete the Following Personal Indemnity and Guarantee:
To induce The Office Shop, Inc. to approve this Credit Application and Purchase Agreement and in consideration of its so doing, we, the undersigned, do hereby jointly, severally and personally guarantee the above corporate purchaser’s full performance of said purchase agreement and hereby agree to reason of, or related to, the above corporate purchaser’s failure to perform or to pay when due, charges incurred in accordance with the agreement. The above purchase agreement may be modified by The Office Shop, Inc. and the Corporate Purchaser executing same without notice to the undersigned and without affecting this indemnity and guarantee. The Office Shop, Inc. may enforce this agreement against the undersigned or any of them, jointly or severally, whether or not any action is ever taken by it against the above Corporate Purchaser.