Q: I issued a PO with 30% deposit and 70% net 20 payment term. I canceled the order, am I entitled to the deposit refund?
The order was issued to a US manufacturer, manufacturing goods overseas; I canceled the order one month prior to delivery because there were some delays and I didn’t feel the manufacturer would be able to deliver on time. Can I ask them to refund the deposit I made? We are both corporations
A: It depends on the language of the Purchase Order or other sales contract between you and what rights to cancel is set forth therein.
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