Terms and Condition
Invoice Payment Terms and Conditions
- Payment Period: Invoices must be paid within 30 days from the invoice date, unless a different period has been agreed upon in a separate contract.
- Payment Methods: Payments can be made via bank transfer to the specified account, certified bank checks, or approved credit cards.
- Late Payment Interest: A late fee of 1.5% per month will be charged on unpaid invoices after the due date. Interest is calculated daily based on the number of days past due.
- Collection Procedures: If an invoice remains unpaid 60 days after its date, the company reserves the right to take legal action to recover the dues, including referring the matter to collection agencies or filing a legal complaint.
- Special Agreements: Special payment terms can be arranged through negotiation with the company. Such agreements must be documented in writing and signed by all involved parties.
- Early Payment Discount: A 2% discount will be offered if the invoice is paid within 10 days of the invoice date.
- Modification of Terms: The company reserves the right to amend the terms and conditions from time to time. Customers will be notified of any significant changes.
All contractual relationships shall be governed exclusively by the laws of the Kingdom of Saudi Arabia.
Electronic Signature Terms and Conditions
- Definitions:
- "Electronic Signature": Any electronic mark, symbol, or process used to sign electronic documents.
- "User": The person or entity using the electronic signature.
- "Company": [Karawan Warehouse], the owner and operator of the electronic system.
- Acceptance of Terms:
- By using the electronic signature, you agree to be bound by these terms and conditions.
- Validity of Electronic Signature:
- The electronic signature holds the same legal validity as a traditional signature under the laws of the Kingdom of Saudi Arabia.
- Security of Electronic Signatures:
- The company is committed to taking all necessary measures to ensure the security of electronic signatures and to protect them from tampering or unauthorized use.
- Verification and Authentication:
- The identity of signers is verified using reliable authentication technologies to ensure the validity of the signatures.
- Rights and Obligations of Parties:
- The user is responsible for keeping their electronic signature data confidential and must not share it with others.
- The company is obligated to ensure the security of the electronic system and protect user data.
- Legal Procedures:
- In case of disputes related to electronic signatures, appropriate legal measures will be taken in accordance with applicable laws.
- Record Retention:
- Records related to electronic signatures will be retained for a minimum of five years and can be accessed when needed.
- Amendments and Updates:
- The company reserves the right to modify these terms and conditions from time to time. Users will be notified of any significant changes.
- Laws and Regulations:
- These terms and conditions are subject to the laws and regulations in force in the Kingdom of Saudi Arabia.