VENDOR REFUND POLICY Sample Clauses
A Vendor Refund Policy clause outlines the conditions under which a vendor will return payments to a customer. Typically, it specifies the circumstances that qualify for a refund, such as defective products, service failures, or cancellations within a certain timeframe, and may detail the process for requesting and receiving a refund. This clause serves to protect both parties by setting clear expectations and procedures for refunds, thereby reducing disputes and ensuring transparency in commercial transactions.
VENDOR REFUND POLICY. All vendor payments are final, non-refundable and non-transferable.
VENDOR REFUND POLICY. Credit Balances - If no change occurs in the residence of the LIHWAP recipient and the recipient retains the same supplier with an active account, the credit balance of LIHWAP funds remains with the Vendor until exhausted. Unclaimed Credit Balances - In the event there is a balance of LIHWAP funds remaining on an account AND the account becomes inactive, AND the Vendor is unable to locate the customer, the balance of the funds is to be returned, by check, to the Division by the end of each program year (September 30). The returned check shall include all information listed in item number seven of this Refund Policy. Move Within State and Change of Water and/or Wastewater Services Provider - If the LIHWAP recipient changes water and/or wastewater services providers or moves to another residence within the state and has a relationship with a new provider, the Vendor holding the credit balance of the LIHWAP payment(s) must transfer the balance to the new water and/or wastewater services provider (Vendor) or new account.