Credit Terms and Conditions
Credit Terms & Conditions
The Bear Den Gallery, LLC
By applying for Net 30 terms with The Bear Den Gallery, LLC (“Bear Den”), the Recipient (“Customer”) agrees to the following credit terms and conditions:
1. Account Approval & Terms
All credit applications are subject to review and approval by Bear Den.
If approved, the Customer will be granted Net 30 payment terms unless otherwise specified in writing.
Bear Den reserves the right to deny, suspend, or modify credit terms at its sole discretion at any time.
2. Payment Terms
Payment is due 30 days from the invoice date.
Past due balances may result in:
Late fees of 1.5% per month (18% annualized)
Suspension of future shipments
Reversion to prepay terms
Customer agrees to notify Bear Den immediately of any billing discrepancies.
3. Credit Limits
Approved credit lines may vary by customer and are based on order volume, history, and risk profile.
Customers requesting a credit line over $1,000 may be required to submit a personal guarantee and/or provide trade references.
4. Personal Guarantee (if applicable)
A personal guarantee may be required at Bear Den’s discretion.
If requested, the guarantor agrees to personally guarantee full payment of all invoices, late fees, and collection costs associated with the account.
5. Resale Certificates & Tax Exemption
All wholesale customers must provide a valid resale certificate or tax exemption documentation before orders can be processed.
Bear Den reserves the right to collect sales tax if documentation is not provided.
6. Collection & Legal
Customer agrees to pay all reasonable costs incurred in the collection of past due amounts, including legal fees, collection agency fees, and court costs.
Jurisdiction for any disputes shall be the State of Michigan, preferably within Leelanau or Grand Traverse County.
7. Order Placement & Credit Use
Bear Den reserves the right to hold or cancel any order at its discretion due to credit status or outstanding balances.
Promotional or discounted orders may require prepayment unless otherwise approved.
8. Communication & Changes
Bear Den may modify these terms at any time without prior written notice.
Continued use of credit terms constitutes acceptance of the revised terms.
📧 Questions? Reach us at info@thebeardengallery.com