FORMUFIT Direct Net 30 Terms and Conditions

These Net 30 Terms and Conditions apply to all business credit accounts approved by FORMUFIT Direct, a division of FORMUFIT. By submitting a credit application and placing an order on Net 30 terms, the customer agrees to the conditions below.

1. Credit approval and eligibility

  • Net 30 billing is available to approved business customers only.
  • Approval requires a completed credit application and acceptable credit references.
  • FORMUFIT may approve, deny, reduce, or revoke credit at any time based on payment history, credit review, or account risk.
  • Initial credit limits may be established and adjusted over time.

2. Minimum order requirement

  • Net 30 accounts require a minimum order of $3,000 per purchase order unless otherwise agreed in writing.

3. Payment terms

  • Payment is due in full within 30 calendar days of invoice date.
  • Payments must be made via ACH, check, or another approved method listed on the invoice.
  • Purchase orders are accepted for approved accounts and must reference the Net 30 account when submitted.

4. Late payments and collection

  • Past-due balances may be subject to late fees or interest up to the maximum allowed by law.
  • Customers are responsible for any costs of collection, including reasonable attorney fees, if an account is sent to collections.
  • FORMUFIT may place the account on hold or require prepayment if invoices become past due.

5. Final sale items

  • All pipe extruded or produced to order is final sale and not eligible for return or cancellation once production begins.
  • Custom-cut pipe is final sale unless a manufacturing or fabrication defect is confirmed by FORMUFIT.
  • Fittings and non-custom accessories may be eligible for return per our standard return policy, subject to inspection and restocking fees.

6. Shipping, freight, and risk of loss

  • Freight terms are FOB shipping point unless otherwise stated on the invoice.
  • Risk of loss transfers to the customer once the shipment is tendered to the carrier.
  • FORMUFIT can arrange shipping through our approved carriers (UPS, FedEx, DHL) or provide LTL quotes when requested.
  • If the customer chooses a different LTL carrier, the customer must arrange pickup after receiving final weights and dimensions, unless otherwise agreed upon.
  • Delivery dates are estimates and not guaranteed. FORMUFIT is not responsible for carrier delays.

7. Pricing and availability

  • All pricing is subject to change without notice until a purchase order is accepted and an invoice is issued.
  • Lead times may vary based on production schedules, inventory, or material availability.

8. Taxes and exemptions

  • Sales tax will be applied when required by law.
  • If the customer is tax-exempt, a valid exemption certificate must be provided before invoicing.

9. Claims, shortages, and defects

  • Any shipping damage, shortages, or order discrepancies must be reported within 5 business days of delivery.
  • Manufacturing defects must be reported within 30 days of delivery for review.
  • FORMUFIT will determine, at its sole discretion, whether a claim qualifies for replacement, credit, or refund.

10. Account responsibility

  • The customer confirms that all information submitted in the credit application is accurate and complete.
  • The customer agrees to notify FORMUFIT of changes in ownership, billing address, or accounts payable contacts.

11. Personal guarantee (if applicable)

  • FORMUFIT may request a personal guarantee for certain accounts based on credit review or order size.
  • If required, Net 30 terms are contingent on receipt of a signed guarantee.

12. Governing law

  • These terms are governed by the laws of the State of Kansas, without regard to conflict of law rules.

13. Modifications

  • FORMUFIT may update these terms from time to time. The current posted version applies to all future Net 30 orders.
  • Any exceptions must be in writing and approved by FORMUFIT.

Questions

If you have questions about Net 30 terms, billing, or your credit application, please contact us at terms@formufit.com or your FORMUFIT Direct representative.