Payment: Standard terms of payment are net 30 days from date of invoice. Invoice date is shipment date. Delinquent accounts are subject to a service charge of 1.5% per month. Pryor Products owns the product until full payment is received from the customer. A minimum charge of $50.00 will be imposed upon dishonor of any check tendered in payment of goods purchased from us. Should additional costs and expenses (including attorney’s fees) be incurred as a result of any such nonpayment, this charge shall be increased accordingly.