Common use of Payment, invoice Clause in Contracts

Payment, invoice. Unless otherwise stated in a SOW, Service Provider will provide FBL with a detailed invoice on the last day of each month. FBL will remit payment Net30 days from its receipt of a proper and valid invoice. Service Provider shall use commercially reasonable efforts to ensure the accuracy of invoices. FBL will provide written notification of any disputed amount. The parties agree to use commercially reasonable efforts to resolve the disputed items. All payments will be made in U.S. dollars by check or wire transfer to Service Provider's designated bank account. If Service Provider agrees to accept credit cards, Service Provider will impose a service charge of two percent (2%) on all payments made via credit card. Late payments shall accrue interest from the due date at a rate of one and one-half percent per month or, if lower, the highest rate allowed by law. If FBL fails to pay any undisputed amounts when due, Service Provider may upon five (5) days’ prior written notice, without liability, cease performing any Services or delivering any Products until full payment for all outstanding undisputed amounts is received. Should any portion of an invoice become disputed, FBL agrees to promptly notify Service Provider of the dispute and to deduct and pay the undisputed amount in accordance with the foregoing. The parties agree to use their best efforts to resolve a disputed invoice amount within thirty (30) days. If FBL fails to pay a Service Provider invoice in accordance with these terms, FBL will pay for all reasonable expenses of collection, including but not limited to, reasonable attorneys' fees.