Layaway Agreement Terms and Conditions

This document, and any future changes to it, is your contract with us (Chorost&Co.) We will refer to this document as your “Agreement” or “Layaway Agreement”; these terms also include any changes we make to this document from time to time. We reserve the right to amend this Agreement at any time, by adding, deleting, or changing provisions of this Agreement. All amendments will comply with the applicable notice requirements of federal and state law that are in effect at that time. Please read this Agreement carefully. Keep it for your records.


“We”, “us”, “our”, and “Chorost&Co.” means Chorost&Co. “You”, “your”, and “customer” means the person who has entered into this Layaway Agreement.


Term & Termination


The length of this Layaway Agreement is determined by the time frame chosen by the customer at the time the Agreement is created. Chorost&Co. Reserves the right to amend or cancel the Layaway Agreement at any time, for any reason, without notice, at our sole discretion. 


Payments

FREE LAYAWAY - 0% INTEREST

Layaway monthly payments must be made in U.S dollars online, via chorostandco.com. All billing will be done through chorostandco.com. The initial deposit (10%) is required upon the original order date the amount will be noted in the Layaway Agreement under the “initial payment/down deposit” section of the Agreement. Minimum monthly payments are due on the first (1st) of each month. A billing cycle refers to each month in the agreed payment plan timeframe. 


You may pay all or part of your outstanding balance at any time. You must pay at least the monthly payment due by the first of the month. Any payments exceeding the minimum monthly payment must be applied towards the subsequent month’s outstanding balance. 



Late Payments


It is the sole responsibility of the customer to keep track of any and all payment due dates. As a courtesy, Chorost&Co. Offers a seven day grace period for late minimum monthly payments. After this seven day grace period, your payment will be considered missed and your layaway will be forfeited. A layaway order will be forfeited if the customer fails to pay the minimum monthly payment by the end of the seven-day grace period that is allotted at the end of each month. Upon forfeit of a layaway, any and all items within the layaway order will be returned to stock. The initial deposit and any subsequent payments will not be refunded.


Refund & Return Policy


If you decide at any time that you no longer want the item and want to cancel the layaway agreement, you will have two options. 

1. You can receive a store credit, valid only on chorostandco.com, equal to the amount paid to date. Store credit is valid for 90 days. If you fail to use the store credit within the 90 day period, the total amount paid to date MINUS the initial payment/down deposit will be returned to you. 

OR

2. You can choose to be refunded; you will receive a total refund equal to the amount paid to date MINUS the 10% initial payment/down deposit.

OR

3. If you wish to cancel your Layaway Agreement and roll over your payments to a new agreement, the full amount paid to date will be rolled over to the new agreement minus the 10% initial payment/down deposit and a new 10% payment/deposit will be required for the second agreement. Only one rollover per customer is allowed.


Modifications to Layaway Orders


If you should wish to modify your original layaway order in any way, including, but not limited to, removing an item, adding an item, or picking up an item before the final payment due date, you are required to enter a new Layaway Agreement which will reflect those changes. After a new Layaway Agreement has been created, the previous Layaway Agreement shall be cancelled and rendered unenforceable. All modifications are subject to approval by Chorost&Co. 


Refund Policy


A layaway order will be forfeited if the customer fails to pay the minimum monthly payment by the end of the seven-day grace period that is allotted at the end of each month. Upon forfeit of a layaway, any and all items within the layaway order will be returned to stock. The initial deposit and any subsequent payments will not be refunded.

 

Layaway Application