Description of Services
Customer has selected self-publishing services from Lee’s Press and Publishing Company, LLC the (Service Provider), the details of which are provided in the agreed Self-Publishing and Distribution Agreement.
Financing Agreement:
Client acknowledges that they have entered into a financing agreement with Coach Financing (“Financier”) for the purpose of financing the self-publishing services offered by Lee’s Press and Publishing Company, LLC the (Service Provider). Pursuant to the terms of the financing agreement, funds will be deposited into Client’s account by Financier.
Services and Cost
The total cost in association with the agreed services rendered amounts to the total referenced in your “Self-Publishing and Distribution Agreement”, including tax.
Processing Fee:
Client acknowledges and agrees to pay a processing fee of 3% on top of the full amount transferred for the self-publishing services. The processing fee will be added to the full amount requested by the 3rd party financing company.
The total processing fee will be noted on your “Self-Publishing and Distribution Agreement”.
**Total Financing Amount
The total financing amount encompasses the aggregate of the cost of services provided, inclusive of applicable taxes and a processing fee. The specified total financing amount is noted in your “Self-Publishing and Distribution Agreement”. (The total is the amount that should be specified when applying for financing.)
Transfer of Funds:
Upon successful approval and receipt of funds from Financier, Client agrees to promptly transfer the full amount of the approved financing to Lee’s Press and Publishing Company, LLC the (Service Provider) within 2-3 business days. This transfer must be completed before Lee’s Press and Publishing Company, LLC initiates the self-publishing project for Client.
Client Responsibilities and Financial Agreement Disclaimer
After the full transfer of the total financing amount to Lee’s Press and Publishing Company, LLC the (Service Provider), the Client shall be solely responsible for adhering to and upholding all terms and conditions set forth in the agreement with the third-party financier. Any communication or negotiation of financial terms with the third-party financier is to be conducted directly between the Client and the lender, and Lee’s Press shall not be held liable or responsible for any aspects of such financial agreements.
Non-Liability in Case of Non-Approval:
If Client is not approved for financing by Financier, or if the approved terms are not feasible, Client shall not be liable for any payment obligations to Lee’s Press and Publishing Company, LLC (Service Provider).
Confidentiality:
Both parties agree to treat all information regarding this financing arrangement as confidential and not disclose it to third parties without the prior written consent of the other party.
Governing Law:
This LOI shall be governed by and construed in accordance with the laws of North Carolina.
IN WITNESS WHEREOF, the parties hereto have executed your “Self-Publishing and Distribution Agreement”
