Terms of Service
1-) Acceptance of Terms
1.1 YYZ PREP a Canadian Corporation doing business as YYZ PREP, provides its Services to you that are governed by these Terms & Conditions (“Agreement”). By accepting this Agreement, by accessing or using the Services, or clicking through on our website, you acknowledge that you have read, understood, have the authority to, and agree to be bound by this Agreement.
By accepting the terms you certify that you are 18 years of age or older. If you are entering into this Agreement on behalf of your customer “you” or “your” shall also refer to such entity and its affiliates. YYZ Prep has the authority to terminate/drop a client based on YYZ PREP's discretion without notice.
1.2 We may change this Agreement at any time. If any change or revision
to this Agreement is not acceptable to you, please stop using the Services and send a cancellation email to “hello@YYZ PREP.ca” . YYZ PREP may change this Agreement from time to time by providing a notice either by emailing the email address associated with your account or posting a notice on the website at www.YYZPREP.ca
or by providing notice on the YYZ PREP Platform (as defined below) (“Notice”). You can review the most current version of this Agreement at any time at www.YYZ PREP.com/pages/terms
1.3 Any user violating this policy voids any implied or express warranties and violates the YYZ PREP Terms.
You must sign-up for the Services through www.YYZ PREP.ca. You may only use YYZ PREP services by signing up. Upon signing up you will identify an username and password for your account.
3-) Our services
Our Services are the receipt, counting, storage, packaging, and shipment of physical goods.
4.1 Payment processing for Services are provided by Stripe and are subject to the Stripe Connected Account Agreement which includes the Stripe Terms of Service https://stripe.com/ssa.
As a condition of YYZ PREP enabling payment processing Service through Stripe, you agree to provide YYZ PREP complete information about you and your business, and you authorize us to share it and transaction information related to your use of the payment processing Service provided by Stripe.
4.2 Stripe will collect payment from you via credit card. YYZ PREP cannot control any fees that may be charged to you by your bank related to Stripe’s collection or disbursement of such payment, and YYZ PREP disclaims all liability in this regard.
4.3 Auto-Pay When you use the Services, all charges for the Services and monthly storage usage fees to YYZ PREP will be immediately charged to the credit card associated with your Stripe account. Company agrees that YYZ PREP will have the right to auto-charge a saved credit card.
4.4 Late Payment Fee If YYZ PREP fails to receive payment from the Company by processing your saved credit card ; a late payment fee of 5% (minimum of $30) will be applied to the invoice, unless the invoice is currently being disputed.
5 Ownership, RISK OF LOSS AND INSURANCE
5.1 Inventory ownership Products that are held by YYZ PREP as Inventory in our facilities, YYZ PREP will NOT hold any ownership of the inventory.
5.2 Risk of Loss Company hereby agrees that at no time during the period that Products are held by YYZ PREP as Inventory in the Warehouse will YYZ PREP carry the risk of loss in the Inventory. Risk of Loss in Inventory will continue to be held by the Company until such time as the Products are delivered to the End-User.
5.3 Insurance COMPANY HEREBY AGREES THAT IT IS COMPANY’S RESPONSIBILITY, AT ALL TIMES, TO MAINTAIN AN INSURANCE POLICY THAT COVERS THE COST OF THE PRODUCTS HELD IN INVENTORY. Company has the option of adding the Warehouse as a designated storage location to Company’s general inventory policy. If requested by Company, YYZ PREP shall allow premises inspection in order to assist Company in obtaining coverage. If you wish to have no insurance, YYZ PREP will, under no circumstances, be liable for any loss or damage to the inventory stored at YYZ PREP facilities. These events include, but are not limited to, theft, misuse, fire, natural disaster or any other event.
5.4 Company agrees that any freight charges incurred by their booking are Company responsibility. YYZ PREP does not participate in pallet exchange. YYZ PREP does have a forklift on site and does not require tailgate in most cases. YYZ PREP is not liable for any freight related charged i.e. tailgate, loading time, etc. incurred upon delivery.
6 Abandoned and Liquidation
If any account remains unpaid for 30 days then YYZ PREP has the right to classify Company’s account as Abandoned Account.
If an account has been unpaid for 60 days, it will automatically be considered as an Abandoned account. Once your account is abandoned Company immediately forfeits its rights of ownership of such Company’s Inventory up to the cumulative amount necessary for payment of all the Fees as well as any reasonable expenses incurred by YYZ PREP for the preservation and storage of the Inventory or its sale
Inventory will become immediately unavailable to the Company, and liquidation proceedings would begin.
Company agrees that all Inventory liquidated shall be sold at the absolute discretion of YYZ Prep and would be free and clear of liability, and that Company assumes any liability therefore. Company has no rights to any liquidation proceeds arising from an Abandoned Account unless the amounts recovered through liquidation exceed the cumulative amount necessary for payment as stated above. Should the amounts recovered through liquidation be insufficient to cover the cumulative amounts above, the Company would remain liable for any pending Usage Fees and 3rd Party Fees above and beyond the liquidation proceeds.