Watkins Labs
Effective Date: 01-01-2025
Contact: support@watkinslabs.com
1. PAYMENT TERMS
All hardware and equipment purchases require full payment upfront before procurement. Orders will not be processed until payment is received in full. Installation and service projects require an upfront payment of 25-50% of the total project cost, depending on the scope of work. The remaining balance is due immediately upon project completion. Failure to remit payment in full upon completion may result in project delays, work stoppage, or contract termination.
2. LATE PAYMENT FEES & PROCESSING CHARGES
Invoices are due upon receipt unless otherwise agreed upon in writing. Standard payment terms are NET30, meaning the full balance must be paid within thirty (30) calendar days from the invoice date. Any invoice that remains unpaid beyond thirty (30) days will incur a four percent (4%) late fee on the outstanding balance. If an invoice remains unpaid beyond sixty (60) days, a twelve percent (12%) late fee will be applied, and this fee will continue to accrue on a monthly basis until the balance is paid in full.
Payments received after the NET30 period are subject to a four percent (4%) processing fee. Invoices that remain unpaid for more than ninety (90) days may be referred to a collections agency, and the client will be responsible for any additional recovery costs, including but not limited to collection fees, legal expenses, and court fees.
3. OWNERSHIP & RIGHT TO RECLAIM EQUIPMENT
All hardware, software, and services provided by Watkins Labs remain the sole property of Watkins Labs until the corresponding invoice is paid in full. If an invoice remains unpaid for more than ninety (90) days, Watkins Labs reserves the right to remove any and all unpaid equipment from the client’s premises. Any costs incurred for removal, including but not limited to labor fees, legal fees, and reinstallation charges, will be billed to the client.
4. DISPUTE RESOLUTION & COLLECTION ACTIONS
Any disputes regarding an invoice must be submitted in writing within fifteen (15) days of the invoice date. Failure to submit a written dispute within this period constitutes acceptance of all charges. If a dispute arises that cannot be resolved through direct negotiation, the matter shall be subject to the laws of the State of Georgia, and any legal proceedings shall be conducted within the jurisdiction of the courts in Georgia.
If an account remains unpaid beyond ninety (90) days, Watkins Labs reserves the right to initiate legal action or forward the outstanding balance to a collections agency. The client agrees to be responsible for all associated costs of debt recovery, including attorney fees, court fees, and collection costs.
5. MODIFICATIONS & AGREEMENT
Watkins Labs reserves the right to modify this Pricing & Payment Policy at any time. Any modifications will be published on the Watkins Labs website and will apply to all future agreements. By engaging in business with Watkins Labs, the client acknowledges and agrees to abide by the terms outlined in this policy.