The Price and Payment Clause Samples
The Price and Payment clause defines the agreed-upon cost for goods or services and outlines the terms and methods by which payment must be made. It typically specifies the total price, payment schedule, acceptable forms of payment, and any conditions for invoicing or late fees. By clearly establishing financial expectations and obligations, this clause helps prevent disputes over payment and ensures both parties understand their monetary responsibilities under the contract.
The Price and Payment. 3.1 Unless otherwise stated the price for the goods shall be the price stipulated in our published price list current at the date of acceptance of your order.
3.2 The price is exclusive of any VAT which shall be due at the rate ruling on the date of our VAT invoice.
3.3 We may at your request supply a written quotation for the sale of goods to you. All quotations are open for acceptance for 30 days from the date of the quotation unless withdrawn by us during that period. (Drafting note: please ensure quotations also incorporate T&C’s).
3.4 Provided you are not purchasing as a consumer we reserve the right to give notice to you at any time up to 7 days before delivery to increase the price of the goods to reflect any increase in the cost to us which is due to factors occurring after the making of the contract which are beyond our reasonable control (including without limitations, foreign exchange fluctuations, taxes and duties and the cost of labour, materials and other manufacturing costs). Where we do this we may cancel the contract within 7 days of any such notice.
3.5 Payment of the price must be made on completion of work.
3.6 We may offer a prompt payment discount at any time. Any such discount given will be treated as been given at our discretion.
3.7 If for any reason you fail to make payment as required by these conditions, then with effect from the date of delivery of the goods to you, the balance of the price will bear interest at the rate of 4% per annum over the base rate of Barclays bank plc subject to a maximum level of 16% per annum.
3.8 If any bank charges are incurred as a result of failure for any reason of your paying bank to honour any payment made by you will reimburse us in full within 7 days of such charges being notified to you and any such suns shall constitute a debt payment immediately on demand.
3.9 If you fail to make a payment on the due date then without prejudice to any other remedies which have we may refer the matter for further action.
3.10 Payment of the price is of essence.
The Price and Payment. 6.1 The Parties agree that the fee for each year of the License shall be as stipulated in the Subscription Fee table in the applicable Order, and payment is to be made in full within 30 days from receipt of the Licensed Product and invoice from the Licensor.
6.2 If Licensee fails to pay any amounts when due, in addition to any other remedies that Licensor may have, the Licensor, at its discretion, reserves the right to charge interest on the outstanding amounts at the lower of 8% per annum, calculated daily or at the highest rate permitted under applicable local law. The Licensee shall be obligated to reimburse the Licensor for all costs incurred by Licensor in collecting any late payment of amounts due or related interest, including attorneys' fees, court costs and collection agency fees. The Licensor may suspend any technical support and software updates of the Licensed Product to Licensee until payment has been made in full.
6.3 If the scanning capacity and/or Master Server of the Licensed Product is to be increased, the Licensee shall issue a new PO to the Licensor as per the Additional Product fee(s) in the applicable Order.
6.4 Any fees for excessive data and/or additional Target Platforms will be billed on a pro-rata basis from the date the Licensee exceeded the applicable License limits until the end of the term, as demonstrated by the reporting provided quarterly by the Licensee to the Licensor. Invoicing for such excessive License limits will follow the quarterly reporting of such usage.
The Price and Payment. 3.1. The price is the Company’s quoted price or the price set out in its quotation, purchase order or sales order, sales invoice or as set out overleaf or elsewhere. The Price is exclusive of VAT which shall be due at the rate ruling on the date of the Company’s invoice.
3.2. Payment of the Price and VAT is due within 30 days of the date of the invoice.
3.3. Interest will accrue on overdue invoices from the date when payment becomes due from day to day until the date of payment at a rate of 3% above the Barclays Bank plc’s base rate from time to time in force and will accrue at such a rate after as well as before any judgment.
3.4. The Company does not accept responsibility for any pallet cases cartons or other such materials delivered with the Goods although wherever possible will endeavour to return the same. If the Company is unable to use such material the Company will pack the treated goods as it deems appropriate and any additional costs so incurred shall be charged to the Owner.
3.5. The Owner shall not be entitled to withhold payment of any amount payable under the contract because of any disputed claim of the Owner in respect of faulty Treatment or any other alleged breach of contract nor shall the Owner be entitled to set off against any amount payable under the contract to the Company any monies which are not then presently payable by the Company or for which the Company disputes liability.
The Price and Payment. 3.1 The price of the goods shall be as stated in the Contract and no increase shall be accepted by the Purchaser unless agreed by them in writing before the execution of the Contract.
3.2 Unless otherwise agreed in writing by the Purchaser, the Supplier shall render a separate invoice in respect of each consignment delivered under the Contract.
3.3 Subject to the Purchaser being satisfied that the Supplier is or has been carrying out their duties, obligations and responsibilities under this Contract, payment shall be due 30 days after receipt of the correct invoice.
The Price and Payment. 3.1 The price of the service provided shall be the price agreed between the Company and the Buyer, at the time the Buyer agrees to work being carried out. This price may vary, dependent upon any change in parts prices, or change in specialist charges, which may come into effect at the time the work is completed and which is beyond the control of the Company. The price of the work carried out is exclusive of VAT. Where applicable, VAT shall be due at the rate ruling on the date that the VAT invoice is drawn.
3.2 Payment of the price and VAT shall be due at point of collection/delivery of vehicle following completion of repairs, unless otherwise agreed, in writing, with the Company. Payment in this instance is generally agreed to be 30 days from date of invoice.
The Price and Payment. 3.1 The price of the service provided shall be the price agreed between the Business and the Buyer, at the time the Buyer agrees to work being carried out. This price may vary, dependent upon any change in parts prices, or change in specialist charges, which may come into effect at the time the work is completed and which is beyond the control of the Business. The price of the work carried out is exclusive of VAT. Where applicable, VAT shall be due at the rate ruling on the date that the VAT invoice is drawn.
The Price and Payment. The Price will remain valid for Sign off, for a period of 3 (three) months from the date of the Offer. The Company shall issue an invoice, amounting to the Price, following the Customer’s signing and execution of this Agreement or issuance of a written purchase order by the Customer in accordance with Company’s Offer and Customer’s confirmation on Company’s Goods’ drawings and share such invoice with the Customer. Unless otherwise indicated on the Offer and/or the invoice, Payment shall be made in two parts: Down payment of 50 % of the invoice amount shall be made by the Customer to Company’s bank account which is stated in Article 2.3.3 of this Document, within 3 (three) days as of receiving of such invoice. Customer hereby accepts that this down payment is a part of Sign off and therefore should affect starting of production. Rest of the invoice amount should be paid by the Customer to Company’s bank account stipulated under the Offer and/or the invoice, prior to the shipment of the Goods to the Customer. Parties accept, declare and undertake that, this payment is necessary to realise shipment unless both parties agree in writing on credit terms. All payments, shall be made by the Customer to Company’s bank account. If payment of the Price or any part thereof is not made by the due date, the Company shall be entitled to: charge a penalty of 1% for each day of delay in payment of the invoiced amount. refuse to make delivery of any undelivered Goods whether ordered under this Document or not and without incurring any liability whatever to the Customer for non-delivery or any delay in delivery. unilaterally terminate this Document, without making any payment to the Customer. The Company’s rights as to the compensation, are reserved. Company may provide the Customer with additional time for payment of the Price, at its sole discretion. In such case, Customer shall be entitled to pay the Price until the end of such additional period. Customer’s failure to pay the Price within such additional period, shall be deemed as non-payment under Article 2.4 of this Document. Should the Customer ask for cancellation of an order after Sign off, all costs incurred by the Company for the execution of Customer’s order shall be paid by the Customer to Company’s bank account, at Company’s first demand. None of the descriptions, specifications, drawings, illustrations and particulars or dimensions submitted by the Company at the quotation stage or present in any of its literat...
The Price and Payment. 5.1. The price of the service provided shall be the price agreed between the Company and the Buyer, at the time the Buyer agrees to work being carried out. This price may vary, dependent upon any change in parts prices, or change in specialist charges, which may come into effect at the time the work is completed, and which is beyond the control of the Company.
5.2. The price of the work carried out is exclusive of VAT. Where applicable, VAT shall be due at the rate ruling on the date that the VAT invoice is drawn.
5.3. Payment of the price for all goods and/or services, repairs and/or spare parts and VAT shall be due upon completion of work and delivery/collection of the vehicle, unless otherwise agreed with a credit account. The Goods/Services/Repair is completed for the purpose of these terms and conditions, when notice has been given that the vehicle is ready for collection.
5.4. All Goods and/or Services shall remain the absolute and unencumbered property of the Company until such time as the Company has received cleared payment in full from the Customer in respect of such Goods and/or Services. Cheques will only be accepted on production of a cheque guarantee card.
5.5. The Company shall have a general lien on all of the Customer’s vehicles and all of their contents for all monies owing to the Company by the Customer on any account whatsoever. The Company shall be entitled to reasonable storage charges during any period in which the vehicle is retained by virtue of the lien.
5.6. If the Customer’s indebtedness to the Company is not satisfied within 28 days from the date of the first invoice to the Customer, the Company may without notice sell any vehicle owned by the Customer and/or the contents thereof by public auction or private treaty. The net proceeds of the sale shall be applied towards the satisfying monies due from the Customer to the Company, and any balance shall be paid by the Company to the Customer upon request.
5.7. Any queries relating to any invoices received must be notified to the Company within 7 days of receipt of the invoice.
The Price and Payment. 5.1 The Price will be in accordance with Your Tender or Bid exclusive of Value Added Tax. Any applicable Value Added Tax will be due at the rate ruling on the date of invoice. No extra charges shall be effective unless agreed in writing with the Council.
5.2 Without prejudice to clause 16 (Variations) the Price in accordance with your Tender or Bid will be fixed until the end of the Contract with the exception of: Equipment Rental, Delivery and Collection, and Virtual Care which will remain fixed until 31st March 2028. From 1st April 2028 and subsequent years until termination, the Council will pay the Price for these exceptions in addition to an annual uplift using the ONS Output Producer Price Inflation Index (Producer price inflation, UK Statistical bulletins - Office for National Statistics). The base date for the adjustment will be the April prior to the uplift.
5.3 You will submit an invoice, quoting the Procurement Reference, to the Council at monthly intervals for the Services supplied to the Council in advance of service delivery, setting out such detail as the Council may reasonably require to enable the Council to verify the Services supplied during that period.
5.4 The Council shall consider and verify the invoice in a timely fashion and pay You any sum due no later than a period of 30 days from the date on which the Council has determined that the invoice is valid and undisputed.
5.5 Where the Council fails to comply with clause 5.3, after a reasonable time has passed and dependent upon the circumstances or any concerns expressed at that time, the invoice shall be regarded as valid and undisputed for the purposes of clause 5.3.
5.6 If the Council disputes any invoice:
5.6.1 the Council will notify You in writing specifying the reasons for disputing the invoice;
5.6.2 provision of the Services may be suspended at the Council’s discretion and payment of subsequent invoices will be suspended whilst the disputed invoice is investigated by the Council
5.6.3 You will provide all evidence as may be necessary to verify the disputed invoice;
5.6.4 the Council will pay You all amounts not disputed as required by clause 5.3 above;
5.6.5 the Parties shall negotiate in good faith to attempt to resolve the dispute promptly; and
5.6.6 if the Parties have not resolved the disputed within 30 days of the Council giving You notice, the disputes shall be resolved in accordance with clause 26 (Disputes). The Council shall be entitled to set off against the Price (...
The Price and Payment. 3.1. The price is the company’s quoted price, or the price set out in its quotation, purchase order or sales order, sales invoice or as set out overleaf or elsewhere. The price is exclusive of VAT, which shall be due at the rate ruling on the date of the company’s invoice.
3.2. Payment of the Price and VAT is due within 30 days of the date of the invoice.
3.3. All goods are sold “Ex-works” unless otherwise stated. If the company arranges or undertakes carriage, freight insurance and any other transport costs beyond the point of delivery such costs shall be for the buyer’s account and shall not affect the provisions of the Contract as to the passing of risk.
3.4. Interest will accrue on overdue invoices from the date when payment becomes due from day to day until the date of payment at a rate of 3% above the National Westminster Bank’s base rate from time to time in force and will accrue at such a rate after as well as before any judgement.