Terms & Conditions

  • All sales and extension/renewal of credit by Factory Motor Parts Company (“FMP”) to Customer are made pursuant to the representations by customer, as relied upon on FMP, and under the terms and condition stated in the Credit Application.

  • FMP may regardless of the invoice terms, require all outstanding amounts to be paid in full upon demand in the event that sales to Customer are discontinued for any reason or Customer is in breach of the terms of their account.

  • All transactions relating to any business between FMP and Customer are governed by the laws of the State of Minnesota, with venue to be determined solely by FMP.

  • All payments are due in full as stated on Customer invoice without offset or deduction. A finance charge of 1 ½% per month (18% per annum), or the maximum rate allowable by law, may be assessed on any unpaid balance, accruing from the due date until paid.

  • Customer shall pay FMP’s reasonable attorney’s fees, court costs and litigation associated with collection of delinquent accounts.