Common use of Remuneration and terms of payment Clause in Contracts

Remuneration and terms of payment. For the due and timely performance of the subject hereof the Contractor shall receive from the Ordering Party a gross sum of .................. (say: ......................) (“Remuneration”), including: net remuneration of .............................. (say: .......................) plus VAT of ............................ (say: .........................). The Ordering Party shall pay the remuneration to the Contractor within 14 days of a correct invoice being issued by the Contractor and the Contractor shall issue such an invoice within 7 days following the signing of the Final Fault-Free Acceptance Report. The Ordering Party shall make an advance payment to the Contractor for the performance of the subject hereof. The advance payment shall amount to up to 50% of the Contractor’s remuneration set forth in section 1 once the Agreement is signed. The Ordering Party shall pay the advance to the Contractor's bank account within 14 days of receipt of proforma invoice issued to the Ordering Party. The Contractor shall issue the prepayment invoice on the day of receipt of the advance payment and promptly deliver it to the Ordering Party. Prepayment invoice shall be settled based on the final invoice issued by the Contractor to the Ordering Party, after full performance hereof, confirmed by the Final Acceptance Report of the ordered product: 30% of the Contractor’s remuneration set forth in section 1 payable before delivery. The Ordering Party shall pay the advance to the Contractor's bank account within 14 days of receipt of proforma invoice issued to the Ordering Party after notification of readiness for dispatch delivered by the Contractor. The Contractor shall issue the prepayment invoice on the day of receipt of the advance payment and promptly deliver it to the Ordering Party. Prepayment invoice shall be settled based on the final invoice issued by the Contractor to the Ordering Party, after full performance hereof, confirmed by the Final Acceptance Report of the ordered product. If the Contractor receives an advance payment for the performance of the subject hereof, the remuneration set forth in section 1 shall be reduced by the amount of the advance paid. If the Ordering Party withdraws from the Agreement or if the Contractor fails to perform the Agreement for any reason, the Ordering Party may request a refund of the advance payment, regardless of the compensation or contractual penalties the Contractor may be entitled to. In such a case, the Contractor shall return the advance payment upon the Ordering Party’s request by the date specified in the request for payment and issue a corrective invoice or invoices confirming the return of payment. The invoice shall be issued for the equipment specified in the subject hereof. The remuneration shall be payable by a wire transfer to the Contractor's bank account No. ....................................................... The day the Ordering Party orders transfer of funds from its account shall be deemed the date of payment. The remuneration as referred in Sec. 1 includes all costs which shall be borne by the Contractor in relation to due performance of the subject hereof compliant with this Agreement and applicable regulations, in particular the price of the laboratory equipment, packaging price, customs duties, transport costs, taxes including but not limited to VAT, if it should be imposed under the VAT Act, costs of transport, insurance, unloading at the place indicated by the Ordering Party.

Remuneration and terms of payment. For the due and timely performance of the subject hereof the Contractor shall receive from the Ordering Party a gross sum of .................. (say: ......................) (“Remuneration”), including: net remuneration of .............................. (say: .......................) plus VAT of ............................ (say: .........................). say: ……………………………..). The Ordering Party shall pay the remuneration to the Contractor within 14 10 days of receipt of a correct invoice being issued by the Contractor Contractor, and the Contractor shall issue such an invoice within 7 days following the signing of the Final Fault-Free Acceptance Report. The Ordering Party shall make an advance payment to the Contractor for the performance of the subject hereof. The advance payment shall amount to to: up to 50% of the Contractor’s remuneration set forth in section Sec. 1 once the Agreement is signed. The Ordering Party shall pay the advance to the Contractor's bank account within 14 30 days of receipt of a proforma invoice issued to the Ordering Party. The Contractor shall issue the prepayment advance invoice on the day of receipt of the advance payment and promptly deliver it to the Ordering Party. Prepayment The advance invoice shall be settled based on the final invoice issued by the Contractor to the Ordering Party, after full performance hereof, confirmed by signing the Final Fault-Free Acceptance Report for the subject of the ordered product: 30order; up to 40% of the Contractor’s 's remuneration set forth specified in section 1 Sec. 1, payable before deliverydelivery but after signing the Fault-Free FAT Report by the Parties. The Ordering Party shall pay the advance to the Contractor's bank account within 14 10 days of receipt by the Ordering Party of a proforma invoice issued to the Ordering Party after notification of readiness for dispatch delivered signing the Fault-Free FAT Report by the ContractorParties. The Contractor shall issue the prepayment advance invoice on the day of receipt of the advance payment and promptly deliver it to the Ordering Party. Prepayment The advance invoice shall be settled based on the final invoice issued by the Contractor to the Ordering Party, after full performance hereof, confirmed by signing the Final Fault-Free Acceptance Report for the subject of the ordered productorder. If the Contractor receives an advance payment for the performance of the subject hereof, the remuneration set forth in section 1 shall be reduced by the amount of the advance paid. If the Ordering Party withdraws from the Agreement or if the Contractor fails to perform the Agreement for any reason, the Ordering Party may request a refund of the advance payment, regardless of the compensation or contractual penalties the Contractor may be entitled to. In such a case, the Contractor shall return the advance payment upon the Ordering Party’s request by the date specified in the request for payment and issue a corrective invoice or invoices confirming the return of payment. The invoice shall be issued for the equipment specified in the subject hereof. The remuneration shall be payable by a wire transfer to the Contractor's bank account No. ....................................................... The day the Ordering Party orders transfer of funds from its account shall be deemed the date of payment. The remuneration as referred to in Sec. 1 includes all costs which shall be borne by the Contractor in relation to due performance of the subject hereof compliant in line with this Agreement and applicable regulations, in particular the price of the laboratory equipment, packaging price, customs duties, transport costs, taxes including but not limited to VAT, VAT if it should be imposed applicable under the VAT Act, costs of transport, insurance, insurance and unloading at the place indicated by the Ordering Party.