Carrier agrees to pay Dispatcher (Number)% of the face value of their contract with Shipper, as stated on the load confirmation sheet. These payments will be made to the Dispatcher when securing the Cargo.
If the payment is more than (Number of Days) days late, then the Dispatcher has the right to levy a late fee of $(Amount)/(Percentage)% interest on the outstanding balance. The invoice must be paid using (Payment.Method) or (Payment.Method).
Carrier agrees to give Dispatcher the authority to provide their signatures for invoices, rate confirmation sheets, and any other paperwork associated with securing Cargo and billing purposes. The Carrier is solely liable for any loss or damage sustained when transporting property as arranged by the Dispatcher and while in their possession.
Carrier agrees to hold harmless the Dispatcher from any liability or claim of injury, property damage, or other loss occurring during the transportation operation conducted by them. Carrier agrees to comply with all applicable federal, state, and local regulations pertaining to the operation.
Carrier acknowledges that Dispatcher has built an extensive customer base of shippers, brokers, and receivers that is essential to its operations. As such, disclosure of these customers and their companies constitutes valuable consideration. For this reason, Carrier agrees to not directly or indirectly solicit or do transport business with customers they serviced as a result of this Agreement. This understanding will last for the duration of this Agreement and two (2) years after its termination unless all Parties otherwise agree in writing.
Should the Carrier violate this understanding and do business with a Dispatcher customer without the written consent of the Dispatcher, the Dispatcher has the right to claim damages. These damages will be twenty-five (25)% of the aggregate of all charges and rates assessed for the transportation, plus liquidated damages equal to ten thousand ($10,000) dollars.
The Carrier will waive all rates provisions that it may contain in its published tariffs, as it functions as a duly permitted contract carrier under the terms of this Agreement.