Terms

KARATS LTD/Pro Sound & Light

1. The Price stated in the standard price list does not include any of the additional items which shall be added to the price.

2. Unless otherwise agreed by the seller in writing payment in full (without any deduction by way of set off abatement, discount or counter claim) for the goods (and additional items) shall be due and payable in POUNDS STERLING within 30 days of the day on which the goods are despatched by the seller.

3. The seller reserves the right to charge interest 5% above the base lending rate of National Westminster Bank Plc from time to time on any overdue payments until paid in full. Such sum shall accrue on a daily basis until payment is made in full, whether before or after judgement.

4. The seller reserves the right to recover from the customer all direct expenses reasonably incurred by the seller in the collection of any overdue sums.

5. Time of payment shall be of the essence.

6. No payment shall be deemed to have been received by the seller until the seller has received cleared funds.

7. Without prejudice to any other rights of the seller, if there is reason to doubt that the amounts due from the customer under the terms of the contact will be paid in full according to the terms thereof, then the seller reserves the right to require payment before delivering or performing any other work or services whatsoever for the customer.

8. Where payment due in accordance, with this condition is not received within 30 days of demand, the seller reserves the right to suspend any further manufacturing, delivery, services or other work being undertaken for the customer and to store, sell or dispose of the goods produced for the customer.

9. In the circumstance referred to in condition 8. Above, the customer shall indemnify the seller against the losses sustained or extra expenditure encored as a result of such suspension of manufacturing, ordering, delivery or other work or services, including a reasonable allowance for storage and for any losses on sale or disposal of any good produced for the customer.