Suddath Van Lines, Inc.
Factoring Agreement
This agreement made at 815 S. Main Street, Suite 500, Jacksonville, FL 32207, this day of , in the year , between Suddath Van Lines, hereafter called "Suddath" and , hereafter called "Client."
Suddath agrees to advance payment to Client for fees that shall be determined by Suddath.
The fee shall be three percent (3%) of the face amount of each invoice with a minimum fee of $10 per invoice.
Eligible invoices shall include all those related GBL’s tendered to Suddath.
The invoice amount less factoring fees and any overnight mail fees will be advanced when all necessary documents are received.
Suddath reserves the right to deduct claims and charge backs from Client payments. Suddath will give the Client thirty days to dispute these charge backs before initiating any deductions.
Provisions
This agreement contains all the terms and provisions of the agreement between Suddath and the Client, but the same shall at all times be subject to the Suddath rules and regulations.
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