TERMS AND CONDITIONS

  1. BNT and the Purchaser hereby agree to the following terms and conditions in relation to the sale of the goods described in the Schedule (“the goods”).
  2. The Parties agree that a copy of the Purchase Invoice will be attached to this agreement and same will serve as a valid description of the goods purchased by the Purchaser. The Purchaser will be required to keep a copy of this agreement as well as a copy of the Purchase Invoice as proof of the lay-by Agreement.
  3. The Purchaser agrees:

3.1.           To purchase the Goods set out in the Purchase Invoice on lay-by within the specified period as set out in the schedule;

3.2.           To pay for the Goods by making regular deposits to BNT until such time that payment of the full purchase price has been made by the Purchaser to BNT.

3.3.           That this agreement constitutes the whole Agreement between the parties as to the subject matter hereof. No agreements, representations or warranties between the parties regarding the subject matter hereof other than those set out herein shall be binding on the parties.

  1. The Purchaser knows, understands and agrees that BNT will remain the owner of the goods as set out in the schedule up until such time that the purchase price has been paid in full by the Purchaser.
  2. No interest or initiation fee will be charged on the lay-by.
  3. The minimum order total for an item to be placed on lay-by is 10% deposit of the total order is due and payable upon signature hereof.
  4. The Purchaser accepts and agrees to deposit the monthly instalments on or before the due dates indicated on the Schedule until the final payment date. All amounts must be deposited at the address of the store
  5. BNT shall not increase the purchase price payable by you; or recover from you any amount in addition to the purchase price of the Goods as set out in the schedule;
  6. The Purchaser will be required to collect the Goods within fourteen (14) days of payment of the full purchase price, failing which a reasonable storage fee may be levied and/or BNT can elect to terminate this agreement as stipulated hereunder;
  7. The Goods may only be collected from the original store of purchase and upon production of a copy of the lay-by agreement, purchase invoice and valid identity document of the Purchaser;
  8. Should the Purchaser elect to terminate this agreement prior to its expiration date, BNT shall within 10 business days refund the Seller all monies paid by the Seller in terms hereof prior to the date of such termination and a termination penalty of 20% of the purchase price will be levied.
  9. Should the Purchaser fail to fulfil their obligation to pay the balance of the purchase price in full by not later than the third payment due date as stated on the Schedule (“the Expiry Date”), the Seller shall be entitled, 14 business days after the Expiry Date, to terminate this agreement and, in that event, the Seller shall refund all payments made by the Purchaser within 10 business days of termination of the agreement and a termination penalty of 20% of the purchase price will be levied.
  10. Should the Purchaser’s contact details or address change, BNT must be notified in writing at the email address contained in paragraph 18.1.1, within seven (7) days of such change.
  11. By signing this Agreement, the Purchaser confirms that he/she has full legal capacity to enter into this agreement.
  12. This Agreement shall be regulated by the Consumer Protection Act 68 of 2008.
  13. The Purchaser confirms that he/she knows and understands the meaning and consequences of this agreement, and that same has been explained to him/her in a language that he/she understands. The Purchaser further accepts the risks relating to the agreement, and acknowledges their rights and obligations in terms of this agreement.
  14. BNT warrants that the item bought on lay-by is bought at the agreed price, and the Purchaser will have no claim in the reduction of the price should that price change during the course of the lay-by agreement.