Legal

Payment Terms

Datapath Inc - Payment Terms

California

NET15 on all invoices.

Projects (Anything with Fixed Fee)

  1. 50% down payment on fixed fee upon creation of project - Invoice 1.
  2. Product on project - billed off Sales Order - Invoice 2.
  3. Project completed - remainder of fixed fee (50%) - Invoice 3.

California E-Rate Projects

  1. Down payment invoice (customer % of the project) when product is received by customer, not installed - Invoice 1.
  2. E-Rate project completed - billed to USAC - Invoice 2.

Datapath Ohio, LLC - Payment Terms

Ohio

NET15.

All Imagine Schools are NET30.

Projects (Anything with Fixed Fee)

  1. 50% down payment on fixed fee upon creation of project - Invoice 1.
  2. Project completed - remainder of fixed fee and product bill from project - Invoice 2.

Ohio E-Rate Projects

  1. Down payment invoice (customer % of the project) prior to ordering product - Invoice 1.
  2. E-Rate project completed - billed to USAC - Invoice 2.