It is your responsibility to make sure that the information submitted on this form is accurate.
Please note that throughout this agreement LA. Best Seafood, LLC will be known as the Seller. Your business will be known as the Buyer. The purchased product will be known as the X-Lot. The Cold Storage Agreement will be known as the Agreement.
The Seller will uphold the Agreement for the Buyer based on the following terms:
- Buyer is to purchase one or more pallet(s) of a single product from Seller, thus establishing the X-Lot.
- Buyer will pay upfront and in full for the X-Lot at an agreed upon price set by Seller.
- Buyer is to pay a monthly Handling Fee of 2% of the amount delivered for the stated month. (ex. 100# delivered from X-Lot is $2.00)
- Buyer is to pay a monthly Holding Fee of 12% for any remaining product left at the end of the stated month. (ex. 100# left in X-Lot is $12.00)
- Buyer agrees to pay the above fees per month via ACH or Credit Card (4% fee applies). Billing will be sent to the e-mail address provided by Buyer.
- Handling fee is to be waived per delivery if X-Lot is delivered with $350 worth of additional (non X-Lot) product.
- Holding fee is to be waived if all deliveries for the month meet $350 non X-Lot product minimum.
- Any X-Lot older than 3 months (from date of agreement) will be charged the monthly Holding Fee regardless of minimums met.
Buyer Information
*denotes information that must be entered for successful submission.
Business Name*
Business Delivery Address*
Person of Contact:
Telephone*
E-mail*
Payment Information
*payment information must be provided for ACH transactions OR Credit Card charges. All Credit Card charges will be subjected to an additional 4% fee.
For ACH transactions:
Bank Account Type
For Credit Card charges:
Card Type
Please read the following carefully:
Upon completion of the Cold Storage Agreement, the Buyer will be invoiced and charged via ACH or Credit Card. All Credit Card transactions will include a 4% processing fee. Once payment is received in full, a confirmation e-mail will be sent to the Buyer and the product will be available for release. ACH transactions will require 7 business days lead time before product can be released.
Any failed ACH transactions or declined Credit Card charges will automatically deem this agreement null and void. Should any ACH transactions fail or Credit Card charges decline for subsequent monthly fees due for the established X-Lot, this agreement will be deemed null and void, at which point, the remaining X-Lot should be removed from the Seller's Cold Storage by the Buyer within 3 business days (to be read as, Buyer will pick up product by their own means). Any product not claimed after 3 business days will become the property of the Seller.
I agree and understand that by the Electronic Signature Acknowledgement and Cold Storage Agreement, that all electronic signatures are the equivalent of my handwritten signature and I consent to be bound to this Agreement.
*Electronic Signature Acknowledgement
Electronic Signature*
Title*
Date*
