Common use of Timely Billing Clause in Contracts

Timely Billing. In keeping with ▇▇▇▇▇▇’s best practices, in the event that ▇▇▇▇▇▇ is not able to invoice Agent’s customer for a shipment for greater than 15 days, ▇▇▇▇▇▇ shall have the right to hold Agent’s commission until ▇▇▇▇▇▇ is paid. This does not alter the expectation that Broker shall be primarily responsible for invoicing and collection; and, any negligence on the part of Broker in this regard shall not impair or delay the right of Agent to receive payment.

Appears in 1 contract

Sources: Asset Purchase Agreement (Aqua Power Systems Inc.)

Timely Billing. In keeping with ▇▇▇▇▇▇’s best practices, in the event that ▇▇▇▇▇▇ is not able to invoice Agent’s customer for a shipment for greater than 15 days, ▇▇▇▇▇▇ Carrier shall have the right to hold Agent’s commission until ▇▇▇▇▇▇ is paid. This does not alter the expectation that Broker Carrier shall be primarily responsible for invoicing and collection; and, any negligence on the part of Broker Carrier in this regard shall not impair or delay the right of Agent to receive payment.

Appears in 1 contract

Sources: Asset Purchase Agreement (Aqua Power Systems Inc.)