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Once approved and fully signed thereof, this Extended Credit Agreement exists between Frequency Finance, a division of Frequency Distribution Ltd of Unit 1, 11, Fieldings Road, Cheshunt, Hertfordshire EN8 9TL (henceforth the 'Vendor') and the sole Person named above of the Company named above and of the Company Address and premises named above (henceforth - the 'Customer').
The Agreement is made as an act of and in Good Faith by the Vendor to the Customer - therefore; The First payment is due on the date of acceptance or when collecting the goods. Without this payment the goods will not be released. Title to the goods shall remain with Frequency Distribution Ltd and shall not pass to the Customer until the final and full payment has been made. Failure to complete any payments may result in the Vendor requiring immediate surrender of the goods and any and all previous payments subject to forfeit. Any charges incurred in any such re-possession of the goods will be levied against the Customer by the Vendor.
Whilst in the care of the Customer it is the sole responsibility of the Customer to provide adequate insurance to cover the full cost of the goods against any and all damage, loss, or theft whatsoever. If damaged or not fully re-saleable goods are surrendered or re-possessed from the Customer to the Vendor then the Vendor shall make the appropriate charges on to the Customer who shall remain fully liable for such claims of compensation. English Law prevails in all disputes.