Invoicing and Terms of Payment. The following shall apply, unless otherwise agreed in the Engagement Letter or other written agreement. The Contractor shall invoice the Client on an on-going basis, for the work performed and expenses incurred. Alternatively, the Contractor may invoice the Client on account, monthly or quarterly, according to the estimated fee for the Engagement. The Client shall provide payment not later than ten (10) days from date of invoice. In the event of delay in payment, penalty interest shall be payable in accordance with the Interest Act (1975:635).
Appears in 2 contracts
Sources: Advisory and Other Services Agreement, Advisory and Other Services Agreement