18.1 Arrears in Payment: We truly value our business relationship, but if payment of our charges concerning your goods falls behind, we must take certain steps to safeguard our interests. Should this happen, after providing you with a one-month notice, we’ll require you to take your goods and settle any outstanding payments.
18.2 Rights upon Non-payment: If the payments remain unsettled after the notice, we reserve the right to either sell or dispose of some or all of your goods without providing any additional warnings.
18.3 Evaluation of Goods: We’ll evaluate the goods before selling or disposing. If we or any competent adviser believe that the item(s) hold no resale value or that the selling costs would overshadow the possible benefits, we might choose to dispose of the goods at our discretion.
18.4 Efforts to Sell: Trust that if we decide to sell your goods, we’ll make a genuine attempt to do so in the relevant market. However, it’s important to understand that we’re not obliged to seek expert advice before finalizing the sale, and we cannot guarantee any specific or anticipated selling price.
18.5 Charges Related to Sale or Disposal: Managing the sale or disposal of goods involves various costs, including possible valuation, administrative tasks, delivery, and other related work. These costs will be billed to you. Post-sale, the revenue earned will be credited against your dues, and should there be any surplus, it will be returned to you interest-free.
18.6 Recovery of Outstanding Amount: If, after the sale or disposal, the entire amount isn’t covered, we will still hold you accountable for the remaining balance.
Note: We always prioritize communication and resolution. This clause is a necessary provision, but it’s always our last resort. We’d much rather work things out together.