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04-10-2015, 03:12 PM #1
Reputation points: 1815
- Join Date
- Jul 2014
- Posts
- 128
The Adventures of Principis and the Disappearing Renewal!!!
Principis has a habit of calling your merchant once you submit the offer. Half the time you end up competing with yourself.
Romana is a nightmare to work with.
They piecemeal stips when you enter the funding stages which irritates the merchant to no end.
They walk away from the deal in the 9th inning leaving you high and dry.
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04-10-2015, 04:09 PM #2
Reputation points: 1393
- Join Date
- Apr 2013
- Posts
- 359
Nope. Not in the merchant agreement. But I did find these two nice elements:
Principis Capital will promptly notify Vendor of its decision pertaining to a Merchant
Agreement after Principis Capital receives from Vendor a complete Merchant Agreement and
the completion of any due diligence deemed necessary by Principis Capital.
Principis Capital will furnish Vendor with all forms of Merchant Agreements and other
Purchase Documents.
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04-10-2015, 04:15 PM #3
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 599
Interesting, however that looks to be in tandem on first time deals. Look for other language regarding ownership of "lead" etc or renewal policies. Either way as stated before, sever ties with them if you don't like their policies or get written clarification from their legal team on such "questionable" practices.
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