​Payment
Terms and Conditions

PAYMENT TERMS:

All payments are due according to set credit terms. After the due date, the unpaid balance will bear a service charge equal to the greater of one and one-half percent per month, or portion thereof, or the maximum permitted by law whichever is less until paid.

ADDITIONAL CHARGES: DISCOUNTS.

All prices are quoted F.O.B. Norms Studio GRP, INC factory or warehouse and are subject to change without notice. Customer shall pay all costs of transportation, insurance, taxes (including without limitation any sales, use or similar tax assessed to Norms Studio GRP, INCafter the products are delivered to customer by reason of Norms Studio GRP, INC's retention of title), license fees, custom duties and fees and other charges related thereto; to the extent these are prepaid by Norms Studio GRP, INC they shall be added to the invoice and become part of the total due.

All discounts granted are conditioned on timely payment of the related invoice. Failure to make such timely payment shall result in the rescission of all discounts.

All custom or O.E.M. orders are subject to special purchase terms agreed to upon acceptance of such orders by Norms Studio GRP, INC. Norms Studio GRP, INCcatalog and price list to not constitute an offer to sell. The design and specifications for products in Norms Studio GRP, INC catalog are subject to change without prior notice. All orders are subject to the terms stated herein. 

Norms Studio GRP, INC TO RETAIN TITLE

Norms Studio GRP, INCreserves the right to repossess products sold to customer upon default in payment, and title shall remain until customer has made payment in full. Customer shall execute such documents and to accomplish such filings or recordings for the protection of its interest in the products shipped to customer pending such payment.