Common use of Credit Basis Clause in Contracts

Credit Basis. The Contractor shall have the right to conduct all or a part of its business on a credit basis; provided, however, that the risk of such operation, including but not limited to bad debts or loss from theft, shall be borne solely by the Contractor, and the Contractor shall include any charge the Contractor customarily makes for goods and services even though the Contractor fails to collect such a charge.