The representations provided in this application are complete and accurate. I understand the information provided will be relied upon in the evaluation and extension of credit terms. I authorize the release of information by creditors listed above as well as other suppliers. The terms and conditions of this application shall, upon extension of credit by the company, constitute an agreement of sale. The Applicant agrees to be bound to the terms and conditions stated in this Application. The payment for all sales of goods or services will be according to the terms stated on the Company’s invoice. The failure to pay on the due date of each invoice shall deem the debt to be delinquent. In the event of a delinquency, the Company may impose a late charge of one and one-half percent per month on the delinquent balance until paid. In the event of a delinquency, the Company may recoup any discounts to be applied to the Applicant’s debt. In the event of a delinquency, all the collection expenses, including collection agency fees and costs, and attorney’s fees in connection with the collection of the delinquent debt shall be due and payable by the Applicant. The interception of this agreement shall be subject to the laws of the state of Washington, and any necessary legal action shall be brought in Spokane county, Washington.
The Company and the Applicant agree that any claim or dispute between or among them, their agents, employees, successors, or assigns, related to this Application, the credit extended thereafter or otherwise (other than the exercise of rights under security interests created by purchases or otherwise), including dispute related to the applicability of this Agreement, regardless against whom made, shall be resolved by binding arbitration by and under either (a) the code of Procedure of the National Arbitration Forum or (b) American Arbitration Association. This Agreement shall be subject to and interpreted under the Federal Arbitration Act.
