Quote Originally Posted by Quickfunder View Post
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.
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.