Payment terms on special or custom order?

Payment policy on orders for custom or special products:
1. New customers (New businss is 180 days or less): Must pay 50% down if order is greater then $300. Balance of 50% (plus freight if needed) after credit approval will be net 30 terms.
2. Existing customers: Must pay 50% down if order is greater then $600. Net 30 balance of remainder of invoice.

Exempt from this rule are utilities, universities, hospitals & government entities.

Article Title:
Payment terms on special or custom order?
Article Summary:
Payment terms on orders for custom or special products.
Article Date:
2/14/2006
Article ID:
702
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