NOTICE TO OWNER
FAILURE OF THIS CONTRACTOR TO PAY THOSE PERSONS SUPPLYING MATERIAL OR SERVICES TO COMPLETE THIS CONTRACT CAN RESULT IN THE FILING OF A MECHANIC’S LIEN ON THE PROPERTY WHICH IS THE SUBJECT OF THIS CONTRACT PURSUANT TO CHAPTER 429, RSMo. TO AVOID THIS RESULT YOU MAY ASK THIS CONTRACTOR FOR “LIEN WAIVERS” FROM ALL PERSONS SUPPLYING MATERIAL OR SERVICES FOR THE WORK DESCRIBED IN THIS CONTRACT. FAILURE TO SECURE LIEN WAIVERS MAY RESULT IN YOUR PAYING FOR LABOR AND MATERIAL TWICE.
TERMS & CONDITIONS
It is expressly understood and agreed that payment in full shall be due upon completion of delivery or installation unless prior arrangements have been made and agreed to. Interest at the rate of 1½% per month (18% annually) shall accrue on any unpaid balance thereafter until paid in full. In the event this contract shall be placed with an attorney for collection, then Owner shall be responsible for payment of all costs of collection and reasonable attorney fees which shall accrue and be due payable hereunder in addition to the balance due and owing, including interest thereon.
Unless otherwise directed by customer, if this contract includes installation, it is an agreement between the Company and the Owner to alter, improve, repair, replace, or erect real property. It is expressly agreed that title to and ownership of the materials included in this contract will pass to the Owner upon permanent and complete installation of the materials to real estate. As part of this contract a service charge or surcharge may be included which represents a portion of the taxes and all non-itemized expenses incurred by the Company in the fulfillment of this contract.
If this contract does not include installation or if the customer has provided a valid tax-exempt certificate, resale certificate, MPC, Direct Pay Permit, or any other form of certificate issued by a State Authority and/or a purchaser stating/certifying that this sale is exempt and/or the purchaser is assuming all tax liabilities; then this sale is a sale of tangible personal property. It is expressly agreed that title and ownership of the materials/products pass upon delivery, prior to installation. All exemptions or other types of certificates given to the Company are accepted by the Company in “good faith” and therefore Owner/Customer is responsible for all tax liabilities associated to this contract if any. All taxable sales of tangible personal property, without any form of exemption as listed above, will have the appropriate sales tax (S/T) charged on the invoice.
In either case, risk of loss or damage to the materials sold, whether from fire or other causes, occurring after delivery to the Owner is assumed by the Owner, and no such loss or damage shall effect the rights of the Company.