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OURFARM has the absolute right to approve or reject the Credit Application by the Customer, if applicable, without assigning any reasons. If the credit application is rejected, the transaction will be based on prepayment before delivery or payment upon delivery
Late Payment Interest of 2% per month will be imposed on any overdue invoices calculated from the due date to the actual settlement or payment received date.
Supply of products and services and extension of credit may be suspended as deemed fit by OURFARM in any of the following cases ; (a) Customer has an overdue account, (b) Credit limit is exceeded, (c) Violation of any Terms and Conditions agreed by/provided to the Customer under the documents for supply of Products/Services including Sales Agreement and Credit Application.
The Customer will indemnity and hold OURFARM its employees, agents, and affiliates harmless from any and all claims, liabilities, judgments, loses, damages, costs and expenses (including without limitation, resonable attorneys' fees) asserted against OURFARM by any person or entity not a party to this Agreement in the course of OURFARM assessing the level of credit for the Customer or matters related to the usage of any information provided by the Customer herein.
Any information of the Customer which is obtained in the course of credit application will be held on OURFARM's computer system, and may be used by OURFARM for the purposes of assessing the level of credit which should be extended to the Customer. The Information may also be used for the future marketing of related products and services, unless notice in writing ti the contrary is received by OURFARM. All information obtained will be used only for the purposes stated, and information held will not be disclosed to any third party save where permitted by law, or to protect against fraud, or after obtaining the Customer's consent.
The word "OURFARM" used in this document includes OURFARM Asia Sdn Bhd and and/or its associates.