Terms and Conitions
Please note that if you purchase equipment from Absolute Alignment Ltd you are deemed to have accepted the following terms and conditions of sale:
1. Payments: Accepted payment method is Bank Transfer only
1.1 The Customer shall pay all undisputed invoices according to the agreed credit terms, unless otherwise stipulated in writing.
2. Statutory Interest: If the Customer fails to pay any sum due under this Agreement by the due date, the Supplier shall be entitled to charge interest on the overdue amount pursuant to the Late Payment of Commercial Debts (Interest) Act 1998, as amended.
2.1 Interest shall accrue daily from the due date until payment is made in full (both before and after judgment) at a rate of 8% per annum above the Bank of England base rate applicable at the time the debt became overdue.
3. Fixed Compensation: The Supplier shall be entitled to recover fixed compensation for each overdue invoice in accordance with the Late Payment of Commercial Debts (Interest) Act 1998, as follows:
- £40 where the overdue amount is less than £1,000
- £70 where the overdue amount is between £1,000 and £9,999.99
- £100 where the overdue amount is £10,000 or more
3.1 Such compensation shall be payable in addition to statutory interest.
4. Recovery Costs: Where the Supplier incurs reasonable costs in recovering any overdue payment which exceed the fixed compensation amounts set out above, the Supplier shall be entitled to recover such additional costs from the Customer in accordance with the Act.