C&L Enterprises, LLC

C&L Obsolescence Agreement

C&L Enterprises, LLC will take back any item in your stock, regardless of type, age, or source of purchase, providing it is new (unused).

We will give you a trade-in-credit for your full cost price on each item, plus 25% to help cover expenses in shipping the materials prepaid to our warehouse in Cleveland, Tennessee.

The total value of your returned merchandise will be carried as an obsolescence credit for you to draw upon whenever you buy from C&L. You will receive a discount on each order in an amount equal to 10% of the total order, based on current dealer nets. The total of the 10% discount will be deducted from your credit bank until your credit bank has been diminished to zero.

Please note: It is important that you understand that a credit is not issued. An O.D. (Obsolescence Discount) Credit Bank is established.

Additional Information

Example: Assume you return $1,000 worth of obsolete merchandise. We immediately establish a credit in our obsolescence credit bank for you in the amount of $1,250 ($1,000 plus 25% for handling). Your first purchase after signing the Obsolescence Agreement is $200. You are entitled to a 10% discount. As a result, your invoice will total $180 net. Your obsolescence credit bank is diminished by $20, its new balance being $1,230. As future purchases are made, the same procedure is followed until the $1,230 credit due is exhausted.

Establishing an Obsolescence Account:

We will accept obsolete parts and accessories “freight prepaid” and set up a credit bank for the cost price plus 25%. You will supply a list of parts returned and prices; however, we are not purchasing the said parts and are not to be billed. WE WILL EXTEND A DISCOUNT OF 10% FROM THE FACE OF EACH INVOICE ON FUTURE PURCHASES MADE BY YOU until such time that the amount set up in our credit bank for the return of such obsolescence merchandise is fully exhausted by such credit allowances.

All merchandise returned by you on the Obsolescence Agreement shall be considered salvage. Title thereto shall vest in C&L Enterprises, LLC and cannot be reclaimed by you at any future date. Complete the Obsolescence Agreement and contact us at sales@CandL-Enterprises.com for instructions and authorization to return your obsolete merchandise.