BlackThumb Solutions, inc

Payment Agreement


This Payment Agreement (the “Agreement”) is entered into ____{{order_create_date}}_____ (the “Effective Date”), by and between ____BlackThumb Solutions, Inc_____, with an address of ____131 Lynnwood Dr Unit 18404, Knoxville TN 37928____ (the “Debtee”) and ____{{billing_first_name}}_{{billing_last_name}}___, with an address of __{{billing_address_1}},_{{billing_city}}_{{billing_state}}_{{billing_postcode}}________, (the “Debtor”), collectively “the Parties.

WHEREAS, Debtor owes Debtee a certain debt; and

WHEREAS, Debtee and Debtor desire to enter into an agreement to memorialize this debt and an associated payment plan

NOW THEREFORE, in consideration of  the mutual promises, covenants, and conditions contained herein, the Parties agree as follows:

  1. Debt Amount. Debtor agrees he/she/it owes Debtee the full total/balance of the order submitted in the Debtee's eCommerce store. (the “Debt”).

 

  1. Payment Plan. The Parties agree to one of the following Payment Plans, whichever is applicable, that the Debtor chose in the purchase process, as pertains to the product(s) the Debtor has purchased, which includes the fees for financing.

Partial.ly Accounts Receivable Partner

___Deposit  - 10-20%___________________________________________

___Payment plan selected through options________________

6 Payments

___Deposit (Month 1) - 30%___________________________________

___Month 2 - 20%_______________________________________________

___Month 3 - 20%_______________________________________________

___Month 4 - 20%_______________________________________________

___Month 5 - 20%_______________________________________________

___Month 6 - 20%_______________________________________________

4 Payments

___Deposit (Month 1) - 35%___________________________________

___Month 2 - 35%_______________________________________________

___Month 3 - 30%_______________________________________________

___Month 4 - 30%_______________________________________________

3 Payments

___Deposit (Month 1) - 40%___________________________________

___Month 2 - 40%_______________________________________________

___Month 3 - 40%_______________________________________________

2 Payments

___Deposit (Month 1) - 55%___________________________________

___Month 2 - 55%_______________________________________________

Deposit based

___Deposit (Month 1) - 5%____________________________________

___Remainder of balance and fees due by deadline_______

Debtor represents and warrants that he/she/it enters that this Payment Plan was developed in such a manner that he/she/it can make the required payments without causing further debt or detriment. 

  1. Debtor acknowledges that the credit card(s) or payment method(s) used to make this purchase will be active, valid, and have sufficient funds available during the entire term of the payback period. If for any reason the payment is declined, the Debtor will provide an alternative, valid payment method.
  2. The Debtor understands that late fee(s) may be assessed if a payment is missed on any of the agreed-upon dates for any reason whatsoever.
  3. The Debtor understands that this is a legally binding document and is bound to these terms and required by law to make all payments on the agreed-upon payment dates.
  4. Release and Indemnification. By entering into this Payment Plan, Debtee agrees to release Debtor from any previous claims, actions and/or liabilities due to the Debt. The Parties agree this Agreement does not release Debtor of any obligations to pay the Debt.
  5. All sales are final, no refunds are permitted. Upon purchase of a Payment Plan, you are committed to the number of months of payments agreed upon, to pay the order total. No exceptions made.
  6. If Debtor defaults on its payments and fails to cure said default within a reasonable amount of time, Debtee will have the option to declare the entire remaining amount of Principal and any accrued Interest immediately due and payable. The Debtee also reserves the right to change the payment schedule at its discretion.
  7. The Debtee reserves the right to report delinquent payments to credit agencies and collections agencies.
  8. Representations and Warranties. Both Parties represent that they are fully authorized to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third-party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation.
  9. In the event any provision of this Agreement is deemed invalid or unenforceable, in whole or in part, that part shall be severed from the remainder of the Agreement and all other provisions should continue in full force and effect as valid and enforceable.
  10. The failure by either party to exercise any right, power or privilege under the terms of this Agreement will not be construed as a waiver of any subsequent or further exercise of that right, power or privilege or the exercise of any other right, power or privilege.
  11. Legal Fees. In the event of a dispute resulting in legal action, the successful party will be entitled to its legal fees, including, but not limited to its attorneys’ fees, collection fees and the like.
  12. Waiver of Right to Chargeback. The Debtor waives any right to chargeback or disputes of payments willfully made by the Debtor to the Debtee. If the Debtor initiates a chargeback or dispute, Debtor agrees to pay the Debtee a fee of $150 for each transaction, plus any legal fees, attorney fees, the outstanding balance of the the Agreement, any overdraft fees and penalties rendered by banking institutions, and all other relief provided for by law.
  13. Legal and Binding Agreement. This Agreement is legal and binding between the Parties as stated above. This Agreement may be entered into and is legal and binding both in the United States and throughout Europe. The Parties each represent that they have the authority to enter into this Agreement. This is the parties’ entire agreement on this matter, superseding all previous negotiations or agreements. It can only be changed by mutual written consent. Signing a copy of this agreement, physical or electronic, will have the same effect as signing an original.
  14. Governing Law and Jurisdiction. The Parties agree that this Agreement shall be governed by the State and/or Country in which both Parties reside/do business. In the event that the Parties reside/do business in different States and/or Countries, this Agreement shall be governed by _____Knox County, Tennessee________ law.
  15. Entire Agreement. The Parties acknowledge and agree that this Agreement represents the entire agreement between the Parties. In the event that the Parties desire to change, add, or otherwise modify any terms, they shall do so in writing to be signed by both parties.

 

The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows:

 

“DEBTOR”..................................................................................................“DEBTEE”

Full Legal Name: _____{{billing_first_name}}_{{billing_last_name}}_____...............Full Legal Name: __Brandilyn R. Cox__

Owner of:  _____{{billing_first_name}}_{{billing_last_name}}____(Sole Proprietor)...........Company Name:  BlackThumb Solutions, Inc

Date: ____{{order_create_date}}_____........................................................................Date: ____{{order_create_date}}_____

Debtor's address: __{{billing_address_1}},_{{billing_city}}_{{billing_state}}_{{billing_postcode}}______

Leave this empty:

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Signed by Brandilyn Cox
Signed On: October 17, 2019


Signature Certificate
Document name: Payment Agreement
lock iconUnique Document ID: 23cf4bc106f21d6945c1fbb32fa3f9c0c564659f
Timestamp Audit
June 4, 2019 11:58 am EDTPayment Agreement Uploaded by Brandilyn Cox - kevin@blackthumbsolutions.com IP 73.120.29.81