BILLING AGREEMENT
This Agreement is between “Open Mat, Inc.” and “Customer” in relation to Business. The phrase “Open Mat, Inc.” will appear on your bank or credit card statement. Any return payment will be assessed a $25.00 fee. Any unsuccessful scheduled electronic transaction is subject to a $10 processing fee. Open Mat, Inc. is not responsible for any bank fees incurred by Customer. Open Mat, Inc. has the sole right to modify any payment due date and to resubmit returned or declined items (plus applicable fees) without prior notice. If the Billing Method is modified during the term of this Agreement, the payment amount may be adjusted accordingly (if applicable by Business). All contracts auto renew themselves according to the terms of the original contract unless otherwise noted, and remain in effect until a cancellation notice has been submitted according to accepted manner (detailed below) Members (Customer’s) Right to Cancel On a month-to-month contract, if you wish to cancel your agreement, you may do so by delivering written notice to the Business no less than 30 days prior to the next billing cycle (noted in the Agreement under “recurring billing date”). Agreement with a cancellation request made within 30 days of a billing cycle is subject to collection of the full amount for that billing cycle. In this case, the cancellation will take effect on the next scheduled collection date. Long-term contracts can only be canceled (without penalty) if the Customer moves to a new location and participation as a member is no longer possible. In this case, written notice detailing the circumstances need to be delivered to the Business no less than 30 business days prior to a scheduled collection. Cancellation of a long-term contract for any reason other than relocation (as described above) would incur a financial penalty that includes: 1) The difference in cost between the discounted (long term) monthly fee paid and the current month to-month fee. This fee is the total sum discounted from the month(s) already paid on the agreement. or, 2) 30% of the remaining balance amount on the agreement. Acceptance of Terms and Approval to Initiate Collections I have read and understood this entire Agreement and I agree to comply with all the provisions, terms and conditions set forth. I authorize and request Open Mat, Inc. to initiate debit entries to my account in the amounts noted, by the manner noted, and within the terms of the Agreement. This authorization is to remain in full force and effect until Open Mat, Inc. has received written notification from me of its termination in such time and manner as described under Members Rights to Cancel. I further agree that once signed, this Agreement is a legally binding and enforceable obligation. I acknowledge I have received a copy of this Agreement.
