Terms & Conditions

Debtor Policy

Default and consequences of default:

  1. Interest on overdue invoices will accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and will accrue at such a rate after as well as before any judgment.

  2. If the Advertiser defaults in payment of any invoice when due, the Advertiser will indemnify VConnect and/or the Reseller as the case may be from and against all costs and disbursements including all reasonable legal fees and all costs of collection.

  3. Without prejudice to any other remedies VConnect or a Reseller may have, if at any time the Advertiser is in breach of any obligation (including those relating to payment), VConnect may suspend or terminate the supply of Advertising Services to the Advertiser and any of its other obligations under the Terms. VConnect will not be liable to the Advertiser for any loss or damage the Advertiser suffers because VConnect exercised its rights under this clause.

  4. If any account remains unpaid at the end of the second month after supply of Advertising Services or other goods or services, the following will apply: an immediate amount of N5000.00 (Five Thousand Naira) may be levied for administration fees which sum will become immediately due and payable.

  5. In the event that:

    1. any money payable to VConnect becomes overdue, or in VConnect's opinion the Advertiser will be unable to meet its payments as they fall due;

    2. the Advertiser becomes insolvent, convenes a meeting with its creditors or proposes or enters into an arrangement with creditors, or makes an assignment for the benefit of its creditors; or

    3. a receiver, manager, liquidator (provisional or otherwise) or similar person is appointed in respect of the Advertiser or any asset of the Advertiser, then VConnect will be entitled to cancel all or any part of any order of the Advertiser or Advertising Service without refund in addition to and without prejudice to any other remedies.

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