Prepaid Orders Sample Clauses
The 'prepaid-orders' clause establishes that payment for goods or services must be made in advance before the seller begins fulfillment. In practice, this means the buyer is required to remit the full purchase price or a specified deposit prior to the seller processing, manufacturing, or shipping the order. This clause ensures the seller receives payment security, reducing the risk of non-payment and enabling better cash flow management.
POPULAR SAMPLE Copied 4 times
Prepaid Orders. The Company reserves the right to ship only on the basis of an order prepaid by me. I shall not maintain an inventory of the Company’s Products for resale. I am obligated to ensure that customers’ checks are cashed and dedicated to the order prepaid by me. The Company will use its best efforts to fill orders and ship the Products ordered by me; however, the Company shall not be liable to me or any customer of mine for any failure or delay in shipment of any Product. All orders by me of the Company’s Products are subject to the approval of the Company.