Payment Terms & Conditions

All payments will be processed on the date the first checkout lane is active and remains the same date each month thereafter.

All payments will be auto ACH from the bank account details provided in the Verve Merchant Form.

In case of denial of any auto ACH an additional $50 penalty will be charged on the following ACH.

Software auto ACH if not received within 15 days of the Date of Charge, ICMS stops completely, App access stops completely and POS software might stop working or starts glitching due to unpaid cloud fees which the company will not bear for the client.

Term and Termination

Initial Term: The initial term of this Agreement is four (4) years from the effective date ("Initial Term").

Cancellation: To cancel this Agreement, either party must notify the other party in writing no later than thirty (30) days before the end of the current term. Notification of cancellation should be sent to info@vervebot.io.

Vervebot, LLC. may cancel this Agreement for any reason by providing the Client with seven (7) days' notice via email.

Early Termination Fee: In the event of early termination of this Agreement by Client, Client agrees to pay an Early Termination Fee ("ETF") to Vervebot, LLC.

The ETF shall be $1000 plus the greater of the following amounts:
• The average net monthly processing fees charged to the Client for the previous twelve (12) months multiplied by the remaining months of this Agreement.
• The minimum monthly fee multiplied by the remaining months of this Agreement.

ACH Authorization

Client authorizes Vervebot, LLC. and/or its affiliates to initiate ACH/electronic debits to Client's authorized bank account ("Authorized Account") or as otherwise authorized in writing. Client agrees that the ACH transactions comply with all applicable laws.

Inactivity Fee

For any Client account under the electronic payment processing agreement that does not process any transactions for thirty (30) consecutive days, the Client shall be responsible for an inactivity fee of $125.00.

Vervebot, LLC. or its affiliates will assess this fee on the monthly processing statement or by a direct ACH debit transaction until the Client resumes processing transactions.

Pricing Policy

All payments will be taken in advance and monthly subscriptions will be auto debited until the Client cancels the contract 30 days before the billing date.

Effect of Termination

Upon any termination, Vervebot, LLC. shall also have the right to collect from the Client any fees that were waived including Application Fee, File Build Fee, Programming Fee, and Installation Fee.

Client also agrees to pay any collection costs or attorney’s fees associated with any amount due to Vervebot, LLC. or its assigns.

Governing Law and Jurisdiction

This Agreement shall be governed by and constructed by the laws of Nassau County and New York State. Any dispute arising out of this Agreement shall be resolved through arbitration in the company’s city and state.

Arbitration

All claims and disputes arising under or relating to this Agreement are to be settled by binding arbitration in the State of California pursuant to the Commercial Arbitration Rules of the American Arbitration Association.

The arbitration shall include a written explanation for all conclusions of law and fact and may include assessment of costs, expenses, and reasonable attorneys' fees.