Common use of PRICES; PAYMENT Clause in Contracts

PRICES; PAYMENT. 8.1. Unless otherwise agreed upon, title to the Goods shall pass to NOVALED at the time risk is transferred to NOVALED pursuant to the applicable Incoterm. 8.2. All prices quoted in the Agreement shall be fixed prices and include all parts of Goods and services. Statutory taxes on the prices shall be specified as to their type and amount and shown separately. 8.3. At the time of delivery or performance of service, but ultimately within two months from delivery, Supplier shall issue a separate invoice to NOVALED’s Finance Department meeting all applicable legal and fiscal requirements and which shall contain: (a) full company name and full company address of NOVALED, (b) the NOVALED Purchase Order number, and (c) all information that allows NOVALED to take advantage of any applicable “input” tax deduction. In addition, Supplier shall inform NOVALED whether NOVALED is allowed to apply for an exemption if and to the extent allowed under applicable law in such specific situation. 8.4. Any license fees shall be included in the price. 8.5. Subject to the acceptance of the Goods without reservation by NOVALED, payment shall be made within sixty (60) days from the end of the month of the receipt of the correct invoice in accordance with Section 8.3 in the proper form. In case of payment within thirty (30) days from receipt of the invoice, NOVALED shall be entitled to deduct a 2% discount from the invoice amount. 8.6. If Supplier fails to fulfil any of its obligations under the Agreement, NOVALED may suspend payment to Supplier upon notice to Supplier. 8.7. NOVALED shall not be obligated to perform in person but may also be allowed to perform through a third party determined by ▇▇▇▇▇▇▇.

PRICES; PAYMENT. 8.1. Unless otherwise agreed upon, title to the Goods shall pass to NOVALED at the time risk is transferred to NOVALED pursuant to the applicable Incoterm. 8.2. All prices quoted in the Agreement shall be fixed prices and include all parts of Goods and services. Statutory taxes on the prices shall be specified as to their type and amount and shown separately. 8.3. At the time of delivery or performance of service, but ultimately within two months from delivery, Supplier shall issue a separate invoice to NOVALED’s Finance Department meeting all applicable legal and fiscal requirements and which shall contain: (a) full company name and full company address of NOVALED, (b) the NOVALED Purchase Order number, and (c) all information that allows NOVALED to take advantage of any applicable “input” tax deduction. In addition, Supplier shall inform NOVALED whether NOVALED is allowed to apply for an exemption if and to the extent allowed under applicable law in such specific situation. 8.4. Any license fees shall be included in the price. 8.5. Subject to the acceptance of the Goods without reservation by NOVALED, payment shall be made within sixty (60) days from the end of the month of the receipt of the correct invoice in accordance with Section 8.3 in the proper form. In case of payment within thirty (30) days from receipt of the invoice, NOVALED shall be entitled to deduct a 2% discount from the invoice amount. 8.6. If Supplier fails to fulfil any of its obligations under the Agreement, NOVALED may suspend payment to Supplier upon notice to Supplier. 8.7. NOVALED shall not be obligated to perform in person but may also be allowed to perform through a third party determined by ▇▇▇▇▇▇▇NOVALED.