Archive: 12 February, 2019: v1
We aim to be entirely reasonable with these terms and conditions, and we don’t want to overcomplicate things. Therefore we’ve kept the details as simple as possible.
Trader wholesale agreement
For wholesale items delivered to store we prefer cash on delivery, but are happy for you to pay directly into our bank account. The details will be on the invoice provided. Please note, payment terms are within 7 Days from providing you with stock. No returns are accepted. If you discover stock is damaged when it arrived from us, please let us know and we can arrange a replacement.
Charges for late payment
Please note, payment terms are within 7 Days from providing you with stock. Please be aware that according to the Late Payment of Commercial Debts (Interest) Act 1998, ‘freelancers’ are entitled to claim £40 late fee upon non-payment of debts after this time, at which point a new invoice will be submitted with the addition of this fee. If payment of the revised invoice is not received within a further 7 days, additional interest will be charged to the overdue account at a statutory rate of 8% plus Bank of England base of 0.5% totalling 8.5%. Parties cannot contract out of the Act’s provisions.
Promotion and marketing
We reserve the right to display your logo, store pictures and information on lazystuff.com and social media in order to promote our products.
Sale or return agreement
We can’t offer such good terms compared to the wholesale agreement above. Stock review to be taken on the last business day of each month, and payment for sold items will be due within 7 days into the bank account on the invoice, or paid in cash or cheque. Stock damaged in store, will need to be be paid for by the store. If you discover stock is damaged when it arrived from us, please let us know and we can arrange a replacement.
Charges for late payment
Please note, payment terms are within 7 Days from the due date. Please be aware that according to the Late Payment of Commercial Debts (Interest) Act 1998, ‘freelancers’ are entitled to claim £40 late fee upon non-payment of debts after this time, at which point a new invoice will be submitted with the addition of this fee. If payment of the revised invoice is not received within a further 7 days, additional interest will be charged to the overdue account at a statutory rate of 8% plus Bank of England base of 0.5% totalling 8.5%. Parties cannot contract out of the Act’s provisions.
Promotion and marketing
We reserve the right to display your logo, store pictures and information on lazystuff.com and social media in order to promote our products.
