C2FO Supplier Terms And Conditions

Updated: September 24, 2020

By registering as a user of the Site or the Service, you,  as an individual and as an authorized representative of the company you represent, (“You”) represent and warrant that you are accessing the Service on behalf of the company whose information you provided during the registration process (the “Supplier”).

You hereby represent and warrant that you have the authority to legally bind the Supplier, and that you are duly authorized to enter into this Agreement on behalf of the Supplier. The Service is provided to you at the website www.C2FO.com (the “Site”). The Site, the Service and any other services provided by Pollen, Inc. (“C2FO”) related to the Site or the Service are intended for use only by the Supplier and its Authorized Users.

Access to and use of the Services by Supplier and its Authorized Users is conditioned upon acceptance of this Agreement. By clicking the “I AGREE” button below, you accept and consent to be bound by the then-current Terms of Use on behalf of the Supplier (the “Agreement”) and further represent and warrant that this Agreement creates a binding contract between C2FO and the Supplier. C2FO and the Supplier may be referred to individually as a “Party” and collectively as the “Parties”.

DEFINITIONS. The following are the definitions that apply in this Agreement.

1.1 “Accelerated Payment” means the payment to Supplier of a reduced sum either (i) by the Buyer in exchange for a discount on the invoice amount, or (ii) by a Funder as consideration for the transfer of the relevant Funded Invoice to the extent of its approved amount, in either case, on a date which is earlier than such Funded Invoice’s due date.

1.2 “Affiliate” means with respect to a person, any corporation or other entity that controls, is controlled by, or is under common control with, that person.

1.3 Approved Invoice” means an invoice issued by Supplier, validated and approved by the relevant Buyer and confirmed to C2FO by the Buyer (or an Affiliate, as applicable), for the purposes of the Services, as eligible for Accelerated Payment.

1.4 “Authorized Supplier” means a third party supplier to Buyer who: (i) is authorized by Buyer to use the Service and access the Buyer marketplace; and (ii) has agreed to all terms and conditions in accordance with allowable usage.

1.5 “Authorized User” means a user who is authorized by Supplier to access and use the Service on behalf of the Supplier.

1.6 “Award File” means electronic file(s) compiled of (i) awarded offers of a discount on the amount owing to the appliable Supplier pursuant to an Approved Invoice in consideration for accelerated payment of Approved Invoices by the relevant Funder or Buyer (as applicable), resulting in discounts to face value and (ii) source(s) of non-Buyer funding for Funded Invoices, as applicable.

1.7 “Buyer” means a party that has contracted with C2FO for purposes of processing Approved Invoices from the Supplier through the C2FO working capital marketplace to provide accelerated payment of an Approved Invoice in exchange for a discount on the invoiced amount.

1.7 “C2FO Market Closing” means the time identified on the Site at which the working capital market closes and the early payment award status is confirmed during each local business day.

1.8 “Confidential Information” is any non-public information provided by the disclosing Party (“Disclosing Party”) to the Party receiving the information (“Receiving Party”).  Confidential Information means the following:

  1. With regard to C2FO, all C2FO Information, software, inventions, know-how, ideas, programs, apparatus programs, and Intellectual Property Rights related to, connected with or arising out of the Service;
  2. With regard to Supplier, any non-public information regarding the business or business partners of Supplier, in whole and in part; and
  3. With regard to either Party, the terms, conditions, pricing and other contents of this Agreement, any other information, technical data, or know-how, including, but not limited to, that which relates to research, product plans, products, services, customers, markets, software, software code, software documentation, developments, inventions, lists, trade secrets, data compilations, processes, designs, drawings, engineering, hardware configuration information, marketing or finances.

Notwithstanding the foregoing, Confidential Information does not include Market Statistics, and information, data or know-how which:

  1. Is in the public domain at the time of the disclosure or becomes available to the public thereafter without restriction, and not as a result of the act or omission of the Receiving Party;
  2. Is rightfully obtained by the Receiving Party from a third party without restriction as to disclosure;
  3. Is lawfully in the possession of the Receiving Party at the time of the disclosure;
  4. Is approved for release by written authorization of the Disclosing Party; or
  5. Is developed independently and separately by the Receiving Party without use of the Disclosing Party’s Confidential Information.

1.9 “Content” means any data, information or materials provided to C2FO by or relating to Supplier, in any media known now or in the future, for use with the Service.

1.10 “Data Protection Laws” means all laws (including the Data Protection Act 1998) that relate to the processing or the security of Personal Data and which are applicable to the processing of Personal Data by C2FO.

1.11 “Force Majeure” means events or conditions beyond a Party’s reasonable control, including, without limitation, acts of common enemy, earthquakes, floods, fires, epidemics, terrorist attacks, embargoes, strike, fire, governmental acts or orders or restrictions, acts of God, lack of internet availability beyond the demarcation of the Service (e.g. issues related to backbone peering point, DNS, or root server issues), inability to secure products or services from third parties, or any other reason where failure to perform is not caused by the negligence of the nonperforming Party.

1.12 “Funded Invoice” means each Approved Invoice for which an Accelerated Payment is made to a Supplier.

1.13    “Funder” means a financial institution or other entity (other than the relevant Buyer) which communicates its acceptance of a request for an Accelerated Payment, in each case enabled by the Services.

1.14 “Information” means any technical, or business information in written, graphical, oral, or other tangible or intangible forms, including but not limited to specifications, drawings, tools, samples, reports, compilations, records, data, computer programs, drawings, models, and secrets.

1.15 “Intellectual Property Rights” means any patent rights, copyrights, trade secrets, trade names, service marks, trademarks, moral rights, know-how and any other similar rights or intangible assets recognized under any laws or international conventions, and in any country or jurisdiction in the world, as intellectual creations to which rights of ownership accrue, and all registrations, applications, disclosures, renewals, extensions, continuations or reissues of the foregoing now or hereafter in force.

1.16 “Market Statistics” means any summarized, derivative, aggregated, de-identified, or non-attributable statistical information associated with Transaction Information (e.g. supplier registration/participation rates, segmentation analysis, offer activity, invoice load trending analysis and industry, sub-industry and geographical trending analysis) that may be combined with other information to optimize, construct, provide or improve C2FO’s performance, modeling, products or services.

1.17 “Party” or “Parties” means, individually or collectively, as the case may be, C2FO and Supplier and any and all permitted successors and assigns.

1.18 “Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture, limited liability company, a government or any political subdivision or agency thereof, or any other entity.

1.19 “Proxy Offer” is an offer made to the Buyer on behalf of Supplier and with Supplier’s authorization by C2FO.

1.20 “Residual Data” means all data (e.g. duplicate information shared between Buyer and Authorized Suppliers through the Service, including invoice information, discount proposals, dates and project numbers associated with purchase orders and invoices), for suppliers who register and/or participate in the Services, and related Award Files.

1.21    “Sanctions” means economic, trade or financial sanctions, requirements, or embargoes imposed, administered, or enforced from time to time by any Sanctions Authority.

1.22    “Sanctions Authority” means the United States (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, and the Bureau of Industry and Security of the U.S. Department of Commerce), the United Kingdom (including, without limitation, Her Majesty’s Treasury), the European Union and any EU member state, the United Nations Security Council and any other relevant sanctions authority.

1.23    “Sanctioned Jurisdiction” means, at any time, a country or territory that is, or whose government is, the subject of Sanctions.

1.24    “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list maintained by any Sanctions Authority, or (b) any Person located, organized or resident in a Sanctioned Jurisdiction.

1.25 “Service” branded as “C2FO” means C2FO’s proprietary electronic invoice prepayment discount market-based application services platform, related tools, and other services accessed and used by Buyer, Supplier, Funder and their respective Authorized Users (pursuant in each case to this Agreement)  to offer, accept, make and document (in the form of Award Files)  payments in respect of Approved Invoices, including any successor or replacement or future services offering the same or more functionality than its predecessor.

1.26 “Software” means (i) any proprietary C2FO computer software program or application, or those of its third party licensors, utilized by C2FO in the establishment, operation, and/or the provision of the Service including any proprietary schema, data processing or storing applications, tools, methodologies, databases and (ii) all source code, documentation, updates, upgrades, and derivative works thereof.

1.27 “Supplier Services” means any consultancy services such as implementation, training or support to be provided by C2FO as set out in the signup process or as agreed between the Supplier and C2FO in writing from time to time.

1.28 “Transaction Information” means all data, Content, and information generated or posted through the Service that is disclosed directly or indirectly to C2FO by any party, but shall not include any information which was at the time of disclosure within an enumerated exception to the definition of Confidential Information.


2.1 Use. C2FO hereby grants the Supplier a non-exclusive, non-transferable, limited right to permit Authorized Users to access and use the Service, subject to the following restrictions: (i) the Supplier may use the Service solely for the Supplier’s own internal business purposes; and (ii) the Supplier shall not (A) make any copies of all or any portion of the Service; (B) sell, sublicense, distribute, rent, lease or assign the Service to any other person or entity; (C) modify, reverse engineer, decompile, disassemble, translate, alter or create derivative works based on the Service; (D) except for Authorized Users, permit any third party to use the Service; (E) create Internet “links” to or from the Service, or “frame” or “mirror” any content forming part of the Service, other than on the Supplier’s or its Authorized Users’ own intranets or otherwise for its own internal business purposes, (F) send spam or other duplicative or unsolicited messages in violation of applicable laws, (G) send or store infringing, obscene, threatening, libelous, or otherwise unlawful or tortious material, including material harmful to children or violative of third party privacy rights, (H) send or store material containing software viruses, worms, Trojan horses or other harmful computer code, files, scripts, agents or programs; (I) interfere with or disrupt the integrity or performance of the Service or the data contained therein; or (J) attempt to gain unauthorized access to the Service or its related systems or networks.

2.2 Access to the Service. C2FO shall provide access to the login screen to Supplier on the instruction of, and on behalf of, the Buyer, and Supplier shall be permitted to create a unique login credential (“User Name” and “Password”) to be confidential and used by Authorized Users to access the Services. The Supplier will be solely responsible and liable for all activities that occur under any User Name and Password created by to the Supplier, including any requests made or actions taken, whether under Section 3.2 or otherwise, to obtain Accelerated Payment. The Supplier shall immediately notify C2FO of any unauthorized use of any User Name or Password and C2FO shall take such action as it deems appropriate to address the unauthorized use. The Supplier agrees on its own behalf, and agrees to require its Authorized Users, to access the Service in a secure manner in compliance with C2FO’s reasonable standards established from time to time which currently require, to the extent applicable, use of web browsers utilizing 128 bit SSL encryption.


3.1 Scope of Service. The Service is intended to enable transactions between the Supplier, the Buyer(s) and/or any Funder (as applicable) as principals and C2FO does not act for or represent in any way either the Supplier, any Buyers or Funder (as applicable). C2FO is not a party to, third party beneficiary of, or a guarantor of performance with respect to any transaction, agreement or arrangement concluded between the Supplier, any Buyer or Funder using the Service. Specifically, (i) C2FO does not control the quality, safety, legality or availability of the content or services accessed through the Service, the terms and conditions on which the Content, goods, and/or related services accessed are provided, or the Supplier’s compliance with any agreement that it may execute with a Buyer; (ii) C2FO undertakes no duties to receive or distribute any payments agreed by the Supplier, any Buyer or Funder; and (iii) under no circumstances shall C2FO in any manner obtain an interest in, or otherwise be deemed to be within the chain of title of, any Content, goods, and/or related services accessed by the Supplier. Supplier acknowledges that C2FO takes no responsibility for the terms and conditions governing the provision of any Supplier Content, goods, and/or related services. The Supplier shall address any issues arising from any transaction, agreement or arrangement concluded between the Supplier, any Buyers and Funder using the Service exclusively with the relevant Buyer and/or Funder (as applicable) and shall not hold C2FO responsible or liable in any way for the actions or omissions of any Buyers. The Supplier agrees that all C2FO Market Closings will be held on a business day for the respective Buyer.

3.2 Effect of using the Service.

  1. The Supplier acknowledges and agrees that the effect of using the Service and obtaining Accelerated Payment in relation to the relevant Approved Invoice results in either (i) the Supplier selling the Funded Invoices to a Funder or (ii) the Supplier and Buyer varying any agreed payment terms solely related to that Approved Invoice made available through the Service to give effect to this paragraph a), as applicable. The Supplier agrees that (i) such sale or variation, as applicable, is effective as to and enforceable against the Supplier and the applicable Buyer with regard to each Funded Invoice, notwithstanding any formalities for amendment required by the terms of the relevant Approved Invoice, and (ii) the applicable Buyer shall no longer be obliged to pay the Supplier in respect of the approved amount of such Funded Invoice.
  2. It is always the Supplier’s decision whether to request Accelerated Payment of an Approved Invoice. If a Supplier requests an Accelerated Payment, the reduced sum payable as Accelerated Payment against the face value of each Approved Invoice will be displayed on the Platform or otherwise communicated to the Supplier.
  3. All Approved Invoices must be, and the Supplier hereby represents that all Approved Invoices are, in respect of genuine and lawful trade transactions arising in the ordinary course of business, and the goods and/or services which give rise to each Approved Invoice may not, and the Supplier hereby represents that all Approved Invoices do not, include any goods or services the supply or receipt of which is contrary to applicable law (including without limitation applicable national and international export control, trade sanction and embargo laws, regulations, treaties and conventions). In addition to the foregoing sentence, any Supplier that is resident in Canada for purposes of the Income Tax Act(Canada) hereby represents that all Approved Invoices are solely for the supply or delivery of goods and do not arise wholly or partly from the rendering of services in Canada;
  4. If a Funder has funded the Accelerated Payment, with effect from the Accelerated Payment by the Funder to the Supplier, the Supplier (i) hereby transfers to such Funder (without requirement for any further actions, notifications or formalities), to the extent of the approved amount, all of the Supplier’s right, title and interest in the Funded Invoice and (ii) shall cease to have any rights to receive (and the Supplier undertakes not to seek) payment from the applicable Buyer in respect of the Funded Invoice to the extent of the approved amount of such Funded Invoice (but all other sums owed to the Supplier shall remain outstanding).

The Supplier represents and warrants that any Funded Invoice is transferred as contemplated by this Section 3.2(d), such Funded Invoice shall not be encumbered by any adverse claim or third party right or interest and the Supplier undertakes not to dispose of any Funded Invoices except to the relevant Funder in accordance with this Section 3.2(d).

The Supplier hereby irrevocably authorizes C2FO to notify the applicable Buyer that the Funder has funded a payment to the Supplier in relation to a Funded Invoice and to disclose to the applicable Buyer in an Award File or otherwise such transaction details as are requested to be disclosed by the Funder to give effect to the transfer of the Supplier’s relevant right, title and interest in the relevant Funded Invoice pursuant to this Section 3.2(d).

The Supplier acknowledges and agrees that the relevant Funder obtains a right to get paid an amount equal to the approved amount of the Funded Invoice on the due date by the relevant Buyer; however, the Supplier shall have no liability if the Funder is not so paid by the Buyer. Payment of the requested amount in no way diminishes any right of the relevant Buyer to reclaim overpayments pursuant to the Approved Invoice.

The Supplier authorizes the filing of one or more UCC-1 Financing Statements at any time and from time to time for purposes of providing public notice of the transactions pursuant to this paragraph (d). By the Supplier’s entry into this Agreement, the Supplier agrees not to authorize or permit any person (other than the Funder) to have any ownership or security interest in the relevant Approved Invoices in relation to which Accelerated Payment is requested and the Supplier hereby represents and warrants that immediately prior to the relevant Accelerated Payment, the Supplier was the owner of, had good title to, and was authorized and effectively transferred or otherwise transacted with regard to the relevant Approved Invoice in accordance with the terms of this Agreement, free and clear of any lien, security interest, charge, mortgage, pledge, hypothecation, assignment, encumbrance or any other right or similar claim in, of, or on such Approved Invoice.

The Supplier expressly acknowledges and agrees that the Funder’s provision of funding is uncommitted and that the Funder shall not, at any point, have any obligation to make any payment to the Supplier in full or in part of an Accelerated Payment, nor shall the Funder be liable for any delay in any Accelerated Payment or any other payment in connection with the Services. To the extent not settled by an Accelerated Payment as contemplated by this Agreement, the relevant Approved Invoice remains payable to the Supplier by the Buyer in accordance with its original terms.

  1. e) The Supplier acknowledges that the Buyer is a third-party beneficiary of this Section 3.2 and the Buyer may enforce the provisions contained herein. Supplier acknowledges that they may be required to submit documents to the Buyer in order to comply with local market tax regulations. In the event any requested documents are not provided in the timeline specified by either the Buyer or Pollen Inc., the Supplier may not receive early payment of their invoice(s).
  2. f) Supplier further acknowledges that the annual percentage calculation associated with a Supplier discount offer for Accelerated Payment within the Service uses the Bankers Rounding technique and has a tolerance of one-eighth (1/8th) of one (1) percent.
  3. g) The Award File may require the Supplier, where appropriate, to post an adjustment to its tax records (for example, in relation to turnover taxes such as VAT, GST or equivalent local sales taxes referred to hereafter as ‘VAT/GST’). If this is the case, the Supplier may in certain countries, subject to local VAT/GST regulations in the relevant country, treat the Award File as an appropriate document to adjust VAT/GST records. The responsibility to ensure that there is an appropriate document to adjust VAT/GST records, subject to relevant local VAT/GST regulations, rests solely with the Supplier. In some countries, the Award File may not show an updated VAT amount as it is not appropriate to adjust the relevant tax amount charged on the original Supplier invoice. Please note that the responsibility of ensuring that an accurate VAT/GST adjustment is posted in the Supplier’s VAT records rests solely with the Supplier and is not C2FO’s responsibility. In particular, where the Supplier has not charged VAT/GST on the original invoice, and consequently the Award File shows no VAT adjustment, it is the Supplier’s sole responsibility to ensure that any manual VAT/GST adjustments,which may be required under domestic legislation, are made to the relevant VAT/GST records. By accepting this clause the Supplier acknowledges that both the Buyer and the Supplier have authorized C2FO to issue the Award File on their behalf whilst clearly showing the Buyer and Supplier names and other relevant details.

3.3 Proxy Offer. Supplier agrees that C2FO may act as a limited purpose Authorized User on behalf and direction of a Supplier Authorized User (including by email, text, voice, and/or Service configuration) to offer or accept Accelerated Payments. Proxy Offer is provided as an optional service program for the convenience of the Supplier. As such, C2FO is not under any commitment to provide a Proxy Offer and  may stop providing the program at any time in its sole discretion.

3.4 Availability of Service.  Supplier acknowledges and agrees that the availability of the Service is subject to the availability of connection services and functions to and within the Internet and that the Internet is not fault-tolerant.  Accordingly, C2FO shall not have any liability for any breach of any representation, warranty or covenant of this Agreement that arises out of or relates to the unavailability of such connection services and other network functions for whatever reason.

3.5 Modification of Service. The Supplier understands and agrees that C2FO may modify the Service, their names, or the manner in which the Service is made available, and that those modifications may create differences in how the Supplier accesses the Service. The Supplier further understands and agrees that, upon reasonable advance written notice to the Supplier, C2FO reserves the right to replace any of the Service.

3.6 Supplier Services. Where agreed to in the sign-up process or as otherwise agreed between the Parties, C2FO will provide the Supplier Services to the Supplier.

3.7 Indemnity. The Supplier shall indemnify, defend and hold harmless C2FO and its directors, officers, members, managers and employees from and against all claims, actions, liabilities, losses, expenses, damages and costs (including reasonable attorneys’ fees), that may at any time be incurred by reason of claim from any third party arising out of or relating to a breach of this Agreement by the Supplier; any claim from a Buyer arising out of the Supplier’s use or misuse of the Service, or any claim that is inconsistent with a Supplier’s representations or warranties to C2FO contained in this Agreement.


4.1 Title to Technology. All Intellectual Property Rights pertaining to C2FO, the Software, Market Statistics and the Service, in whole or in part, shall be, vest with and remain the exclusive property of C2FO and its third-party licensors. The Supplier shall not on its’ own behalf or on behalf of any third party violate C2FO’s Intellectual Property Rights.

4.2  Market Statistics.  Supplier agrees that C2FO may use Transaction Information to create Market Statistics.

4.3 Title to Content. All title, right, and interest in and to any Content submitted to C2FO in the course of providing the Service shall remain the property of the applicable Supplier or other third-party owners. If all or part of any Content becomes the subject of an actual or threatened lawsuit or if C2FO believes such Content may violate a third party’s Intellectual Property Rights or applicable law, C2FO will immediately be entitled to remove such Content without incurring any liability to the Supplier. All title, right and interest in and to content licensed by C2FO from third party licensors and utilized in the process of providing the Service, if any, shall remain the exclusive property of C2FO or its third-party licensors.

4.4 Suggestions. C2FO shall have a royalty-free, worldwide, perpetual and irrevocable license to use or incorporate into the Service any suggestions, ideas, enhancement requests, feedback, recommendations or other information provided by the Supplier and its Authorized Users relating to the Service.

4.5 Supplier’s license to C2FO. Supplier hereby grants a limited, non-transferable license to C2FO for C2FO to use the Supplier’s name, logos and trademarks to identify the Supplier as a user of the Site and the Services for C2FO’s marketing and public relations purposes, including marketing materials, advertisements, customer lists, press releases, presentations, and publications during the term of this Agreement. C2FO must obtain the Supplier’s prior written consent for any other uses of Supplier’s name, logos, and trademarks, such consent not to be unreasonably withheld or delayed.


5.1 Nondisclosure of Confidential Information.

Each Party shall retain the other Party’s Confidential Information in the strictest confidence (need to know basis) and shall not disclose such Confidential Information to any third party. Each Party agrees: (i) to use the Confidential Information only for the purposes of this Agreement and as expressly permitted by this Agreement; (ii) not to make copies of or store Confidential Information or any part thereof except as expressly permitted by this Agreement; (iii) to reproduce and maintain on any copies of any Confidential Information such proprietary legends or notices (whether of Disclosing Party or a third party) as are contained in or on the original or as the Disclosing Party may otherwise reasonably request; and (iv) to treat this Agreement as Confidential Information. The Receiving Party shall notify the Disclosing Party in writing of any known unauthorized use, possession or disclosure of Confidential Information of the Disclosing Party. The Disclosing Party shall have the sole right (but shall be under no obligation) to take legal or other action against any third party with respect to any such unauthorized use, possession or disclosure of Confidential Information of the Disclosing Party, and the Receiving Party shall cooperate with the Disclosing Party in such effort.

5.2 Remedies. The Parties agree that, notwithstanding any other section of this Agreement, the non-breaching Party shall be entitled to seek equitable relief to protect its interests, including but not limited to preliminary and permanent injunctive relief, as well as money damages. Nothing stated herein shall be construed to limit any other remedies available to the Parties.

5.3 Disclosures to Governmental Entities. If Receiving Party becomes legally obligated to disclose Confidential Information by any governmental entity as a result of court order, subpoena or similar legal action (“Compelled Disclosure”), the Receiving Party will give the Disclosing Party (if allowed) prompt written notice. The Receiving Party will cooperate with the Disclosing Party’s reasonable efforts to quash, modify or challenge the Compelled Disclosure, and will disclose only such information as is legally required. Notwithstanding anything herein to the contrary, a Compelled Disclosure is not considered a breach of Section 5.1 above.

5.4 Data Protection. To the extent C2FO processes any Personal Data as a result of providing the Service, the Supplier agrees that C2FO does so as Data Processor and that the Supplier is the Data Controller in relation to such Personal Data and in relation to such Personal Data: (i) C2FO will process such Personal Data for the sole purpose of providing the Service in accordance with the terms of this Agreement and any lawful written instructions reasonably given to C2FO by Supplier from time to time; and (ii) Supplier will have in place appropriate technical and organizational security measures against unauthorized or unlawful processing of such Personal Data and against accidental loss or destruction of, or damage to, such Personal Data. For the purposes of this Agreement, the terms “Personal Data”, “Data Processor” and “Data Controller” shall have the same meaning as set out in the Data Protection Act 1998.

5.5 International Data Transfers. C2FO and Supplier acknowledge and agree that any Personal Data processed as a result of providing the Service will be hosted or stored in the United States of America by C2FO’s Affiliate (or, in case of Personal Data processed by an actual or prospective Funder (or any of its Affiliates), hosted and stored in the United Kingdom or Europe and, in any case, in accordance with all applicable data protection legislation). In respect of such Personal Data, C2FO represents and warrants that it has taken appropriate measures to comply with applicable Data Protection Laws in respect of such Personal Data.


6.1 Term. This Agreement shall become effective on the date the Supplier or any Authorized User first registers on the Site and agrees to these terms and shall continue in force so long as the Service is being provided by C2FO to the Supplier.

6.2 Termination for Cause. C2FO may terminate this Agreement if (a)(i) the Supplier defaults under this Agreement; and (ii) such default is not cured within three (3) business days after notice of default is provided to the Supplier; or (b) the Supplier terminates or suspends its business activities, becomes insolvent, admits in writing its inability to pay its debts as they mature, makes an assignment for the benefit of creditors, or becomes subject to direct control of a trustee, receiver or similar authority, or becomes subject to any bankruptcy or insolvency proceeding under any applicable law.

6.3 Termination for Convenience. Either Party may terminate this Agreement at any time for any reason at its sole discretion by providing the other Party no less than thirty (30) days advance written notice thereof.

6.4 Effect of Termination. Upon termination of this Agreement consistent with the terms herein, C2FO may immediately discontinue Supplier’s access to and use of the Service. Supplier shall promptly discontinue use of any Service and destroy any Confidential Information that Supplier has received from C2FO.For a period of not less than seven (7) years post-termination, C2FO may keep one (1) copy of all Residual Data for archival, litigation, regulatory, financial and audit tracking purposes in accordance with standard data security, audit and accounting practices.  C2FO is not required to affirmatively purge delete or purge any records in backup or archival systems kept in the normal course of business.

6.5 Survival. Notwithstanding any termination of this Agreement, Sections 5.1 – 5.3 (“Confidentiality”) shall survive for a period of five (5) years, Section 8.4(“Employee Solicitation”) shall survive for a period of one (1) year, while Sections 3.7 (“Indemnity”), 4 (“Proprietary Rights”), 7 (“Disclaimer; Warranty; Limitation of Liability”), and 8.6 (“Governing Law”) shall survive termination of this Agreement indefinitely. All other rights granted hereunder will cease upon termination.


7.1 Disclaimer. To the maximum extent allowed by law and except as unambiguously and expressly set forth in this Agreement, the Supplier Services are provided “as is” and C2FO specifically excludes and disclaims all implied warranties, conditions and representations (including relation to quality, skill and care and fitness for a particular purpose) connected with, related to or arising out of this Agreement and any representation, condition or warranty that access or use of the Service will be error-free, secure or uninterrupted, or that information or content will be accurate or timely.

7.2 Supplier’s Warranty. Supplier represents and warrants that (i) its Authorized Users have authority to act on behalf of the Supplier; and (ii) all Transaction Information or other materials submitted by the Supplier to C2FO hereunder is correct, accurate, up-to-date and will not (A) infringe on any third party’s rights, including any Intellectual Property Rights, (B) violate any applicable law, statute, ordinance or regulation; or (C) contain viruses, trojan horses, worms, time bombs, cancel bots or other similar harmful or deleterious programming routines.

Supplier represents warrants that: (i) it is duly organized, validly existing and in good standing under applicable law; (ii) it has the power and authority to execute, deliver and perform under this Agreement; and (iii) this Agreement constitutes a valid and binding obligation enforceable in accordance with its terms. Supplier hereby agrees that Buyer, C2FO and/or the relevant Funder may disclose Transaction Information and any relevant banking information, as necessary and applicable, to (i) Funder or Funder’s affiliates, (ii) to third parties providing funds or payment reconciliation services as required to make payments to Supplier of Accelerated Payments or otherwise in connection with the Services, (iii) to actual or potential assignees, transferees or participants of Funder or any other person with whom Funder enters into (or may potentially enter into) any transaction under which payments are to be made by reference to any relevant Funded Invoice, (iv) to any person who holds or is considering holding notes in one of the secured notes programs of Funder’s group of companies (and to any relevant note issuer, note trustee and distributor of such secured note program), (v) to any relevant service providers, insurers or professional advisers of Funder (or its relevant affiliates) (vi) or to any governmental agency or authority or supervisory or regulatory body or as otherwise required by any applicable law or regulation.

7.3 Limitation of Liability. To the maximum extent allowed by law, in no event will C2FO (and any C2FO subcontractor) or the Funder or any of its Affiliates be liable for any loss of profits or revenue, loss of business, goodwill or reputation, loss of anticipated savings, loss of use, business interruption, loss of data or costs of procurement of substitute goods, technologies or services, cost of cover or punitive or exemplary, or and direct, indirect, special, incidental or consequential damages of any kind in connection with or arising out of the furnishing, performance of or use of the Service or Supplier Services, whether alleged as a breach of contract or tortious conduct, including negligence, even if the Supplier has been advised of the possibility of such damages, including but not limited to (1) the failure, for any reason, to receive accelerated payment of any invoice under the Service or for any delay in such payment; (2) any financing aspects of the Service; (3) the accounting treatment or tax consequences arising out of accelerated payments or the Supplier’s participation in the Services otherwise; (4) the failure or alleged failure of the Service, or any party involved therewith, to comply with applicable laws; or (5) any damages caused by delay in delivery or furnishing the Service or Supplier Services. C2FO’s aggregate liability in contract, tort (including negligence or breach of statutory duty), misrepresentation, restitution or otherwise, arising in connection with the performance or contemplated performance of this Agreement, will not, in any event, exceed the greater of fees actually paid by Supplier to C2FO pursuant to this Agreement during the six (6) months prior to the occurrence of the breach or incident asserted as causing damage or $100.00.

7.4 Exclusion. Nothing in this Agreement excludes the liability of C2FO or the Funder for death or personal injury caused by C2FO’s negligence or for fraud or fraudulent misrepresentation.


8.1 Compliance. Supplier agrees that: (i) it will provide to C2FO any information in its possession related to an Authorized User who may be a Sanctioned Person; (ii) if C2FO determines in its commercially reasonable discretion that any Authorized User is a Sanctioned Person, C2FO may deactivate the Sanctioned Person as an Authorized User; (iii) Supplier shall comply with all relevant laws and regulations, anti-bribery/corruption, anti-money laundering and export control laws, and tax information reporting requirements applicable to this Agreement; (iv) if Supplier is listed as a Sanctioned Person, Supplier will notify C2FO; and (v), if C2FO determines in its commercially reasonable discretion that Supplier is Sanctioned Person, C2FO may deactivate the Supplier and no further invoices for the Supplier will be submitted to the Service.

8.2 Notices. Any notice required or permitted under the terms of this Agreement shall be delivered in person, by fax, overnight courier service, or mailed by first class, registered, or certified mail, postage prepaid, if to the Supplier: to the address supplied by the Supplier during the sign-up process or if to C2FO: Attention: C2FO – Legal Notices, 2020 West 89th Street, Suite 200, Leawood, Kansas 66206. All such notices shall be deemed to have been given upon receipt.

8.3 Third party rights.  Buyer and Funder and their successors and permitted assigns, as applicable, shall be deemed to be a third-party beneficiary of the terms of this Agreement and have the benefit of and be entitled to enforce the terms of this Agreement against Supplier. Subject to the foregoing and save as expressly provided for in this Agreement, this Agreement does not confer any rights on any person not a Party to this Agreement.

8.4 Employee Solicitation.  Neither Party shall, directly or indirectly, for itself, or on behalf of any other person, firm, corporation or other entity, whether as principal, agent, employee, stockholder, partner, member, officer, director, sole proprietor, or otherwise, solicit, participate in or promote the solicitation of the other Party’s employees or independent contractors to leave the employ or service of the other Party, during the period such employee or independent contractor is working with the other Party and for one (1) year immediately following the period for which such employee or independent contractor last performed services for the other Party.

8.5 Assignment and subcontracting. Neither this Agreement nor any rights under this Agreement may be assigned or otherwise transferred by Supplier, in whole or in part, whether voluntarily or by operation of law, without the prior written consent of C2FO, except as expressly permitted hereby. Subject to the foregoing, this Agreement will be binding upon and will inure to the benefit of the Parties and their respective successors and assigns. Notwithstanding anything to the contrary, C2FO shall have the right to assign the Agreement and/or subcontract any of its obligations hereunder subcontract any of its obligations hereunder in part or in full to third parties. The Funder (and any of its successors and permitted assigns) shall have the right, without consent from or notice to any person, to sell, transfer, assign, negotiate, or grant participations in, or declare a trust or create security over, all or any part of, or any interest in, its rights and benefits under the terms of this Agreement.

8.6 Governing Law. This Agreement and any disputes or claims arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) are governed by and construed in accordance with the laws of the State of New York USA, without reference to conflict of laws principles. The parties irrevocably agree that the courts of the State of New York have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this Agreement or its subject matter or formation (including non-contractual disputes or claims). A Buyer may, as provided for in this Agreement, enforce this Agreement against a Supplier pursuant to Section 3.2 of this Agreement in any court of competent jurisdiction.

8.7 Independent Contractors. The relationship of C2FO and the Supplier established by this Agreement is that of independent contractors, and nothing contained in this Agreement shall be construed or implied to give either Party the power to direct or control the day-to-day activities of the other or constitute the Parties as partners, joint venturers, co-owners or otherwise as participants in a joint or common undertaking.

8.8 Terms. C2FO reserves the right to amend or terminate all or any part of this Agreement at any time.  Any such amendments will be in accordance with applicable law, and C2FO will provide notice of such amendments to Funder and as otherwise required by law. Supplier agrees to abide by the Agreement in effect each time that Supplier accesses the Services. The revised Agreement will be effective when posted.

8.9 Miscellaneous. In the event that any provision of this Agreement conflicts with governing law or if any provision is held to be null, void or otherwise ineffective or invalid by a court of competent jurisdiction: (i) such provision shall be deemed to be restated to reflect as nearly as possible the original intentions of the Parties in accordance with applicable law; and (ii) the remaining terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect. The failure of either Party to enforce at any time any of the provisions of this Agreement shall not be deemed to be a waiver of the right of either Party thereafter to enforce any such provisions. Except for any obligation to make payments, nonperformance of either Party shall be excused to the extent that performance is rendered impossible by Force Majeure. Section headings are for ease of reference only and do not form part of this Agreement. The Supplier acknowledges having read the terms and conditions set forth in this Agreement, understands all the terms and conditions, and agrees to be bound thereby. No employee, agent, representative, or Affiliate of C2FO has authority to bind C2FO to any oral representations or warranty concerning the Service. Any written representation or warranty not expressly contained in this Agreement will not be enforceable.

8.10 Governing Language. This Agreement is entered into in the English language. Any translation prepared for any reason shall be a non-binding accommodation of no legal effect, and the English version of this Agreement shall govern. All communications with respect to this Agreement shall be in the English language. All actions brought under this Agreement shall be conducted in English, and all documents, other than third-party documentary evidence, submitted to the court or used in support of either party shall be in English. Without limiting the generality of this Section 8.8, each of the Parties acknowledges that: (i) it shall not assert any claim based upon any translation or any discrepancy or purported discrepancy between such translation and this English-language version of this Agreement; and (ii) any such translation shall not be used to interpret this Agreement.

8.11 Additional Specific Terms.

8.11.1 The following applies to your Agreement if You are a Cass Information Systems, Inc. customer:
In the event Buyer makes an Accelerated Payment to Supplier on a non-disputed invoice displayed as eligible in the Service (“Invoice”) and the related vendor (“Vendor”) subsequently disputes that payment of the Invoice or the Vendor otherwise fails to reimburse Buyer for that payment for any reason including bankruptcy (an “Invalid Payment”), Supplier agrees that (a) it will repay the Invalid Payment to Buyer upon demand, and (b) in order to facilitate such repayment, at Buyer’s election, Buyer may either (i) apply the Invalid Payment in satisfaction of one or more other Supplier Invoices (which may or may not relate to the Vendor involved with the Invalid Payment), or (ii) withdraw (by ACH “right of debit” or other means) the amount of the Invalid Payment directly from Supplier’s account into which it was deposited (in which case Supplier shall reimburse Buyer directly within 48 hours of receipt of Buyer’s request for the amount of the Invalid Payment to the extent it was not recovered directly from Supplier’s account). In any event, Supplier’s right of recovery related to the Invalid Payment shall be against Vendor only and not against Buyer. Hereinafter, the methods of recovery available to Buyer pursuant to subsections (i) and (ii) are referred to as “Recovery Methods.” Supplier shall reimburse Buyer immediately upon request, through reapplication of a prior payment, application against subsequent bills or through direct payment, for any payment by Buyer to Supplier of Invoices assigned by Supplier to a third party. In the event of an assignment by Supplier of Vendor Invoices to a third party, Supplier will indemnify, defend and hold harmless Buyer and its affiliates from any and all losses, damages, liabilities, claims or costs (including but not limited to attorneys’ fees and costs) arising out of any payment by Buyer to Supplier of an assigned Invoice (collectively, “Assignment Losses”).

8.11.2 The following is inserted as the second sentence of Section 3.2 of your Agreement if You are a Telefónica Group vendor:
For the avoidance of doubt, the discount shall solely affect the related non-disputed invoices and shall not affect any other obligations between Supplier and Buyer, or between Supplier and a Buyer Affiliate.