LETTER OF PARTICIPATION
Vizient Novaplus Letter of Participation (LOP) for American Pharmacies Members to access TRIOSE, Inc. discounted rate tiers for Agreement BP0033.
Services. Member will use the services of TRIOSE, Inc. during the term of this Agreement to arrange for transportation to and from the member locations using TRIOSE Inbound/Outbound Freight Management (small parcel) & Freight 180 (large cargo) program. TRIOSE will arrange for transportation with a water, air, rail or motor carrier that are duly authorized to transport the goods pursuant to all applicable regulatory authority. Member acknowledges that TRIOSE is not acting as a contract carrier in performing the Services.
Exclusivity. Member shall not enter into any agreement with any other third-party freight management provider during term of this contract.
Payments. Member must pay for Services ordered within thirty (30) days after receipt of the invoice without deduction or offset. Supplier may impose a late payment fee if payment is not received within the due date. The late payment fee will equal one and one-half percent (1.5%) of the total past due balance of the Member invoice. Failure to make payment when due may result in immediate suspension of Services and access to the Discounted Rates until payment is made.
Term and Termination. The term of this LOP will be effective upon signature, and will continue until terminated by either party upon at least 60 (sixty) days prior notice to the other party. Either party may immediately terminate this LOP, with cause, if the other party fails to perform its obligations hereunder and subsequently fails to remedy such failure within thirty (30) days after written notification of such failure. Either party may terminate this LOP, without cause, upon one hundred & twenty days (120) days written notice. If Member provides notice of its intent to terminate, Member will not be entitled to the Services, and any shipments will be at the Carrier’s list price and Member will not be entitled to the discounts set forth in this LOP after the effective date of termination