**WAVE CANON Payment Policy**

**Effective Date:** [Insert Effective Date]

**Introduction**

This Payment Policy ("Policy") outlines the terms and conditions governing the submission of checks or negotiable instruments for payment, settlement, or deposit to WAVE CANON. By submitting a check or negotiable instrument to WAVE CANON, the client agrees to comply with this Policy.

**Fraudulent Checks or Negotiable Instruments**

Any checks or negotiable instruments submitted to WAVE CANON for payment, settlement, or deposit that are determined to be fraudulent are subject to a returned item and dishonor settlement fee equal to 50% of the amount stated on the instrument.

**Insufficient Funds**

Checks returned due to insufficient funds will incur a return fee equal to 10% of the amount stated on the instrument.

**Client’s Obligation**

By submitting a check or negotiable instrument to WAVE CANON, the client agrees to pay the aforementioned penalties for fraudulent checks or checks returned due to insufficient funds. Failure to pay these penalties will result in WAVE CANON reserving all rights to pursue all available recourse under the Uniform Commercial Code (UCC), including, but not limited to, legal action to recover the full amount of the check or negotiable instrument, any associated fees, and any legal costs incurred.

**Reservation of Rights**

WAVE CANON reserves all rights under the UCC and any other applicable laws and regulations to pursue all available remedies and recourse against clients who submit fraudulent checks or checks with insufficient funds. This includes, but is not limited to, legal action to recover the full amount of the check or negotiable instrument, any associated fees, and any legal costs incurred.

**Changes to the Policy**

WAVE CANON reserves the right to modify, amend, or update this Policy at any time without prior notice. Clients are encouraged to review this Policy periodically to stay informed of any changes.

**Contact Us**

If you have any questions or concerns regarding this Payment Policy, please contact us via the contact form found on the contact page.

**Acknowledgment**

By submitting a check or negotiable instrument to WAVE CANON, the client acknowledges and agrees to comply with this Payment Policy.

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