TYPES OF PAYMENT. 7.1 All sums due from the Client to the Accredited Checker in accordance with the terms of this Agreement shall be paid within forty-two (42) days of the submission by the Accredited Checker of his accounts to the Client and any sums unpaid at the expiry of such period of forty-two (42) days shall bear interest thereafter such interest to accrue from day to day at the rate of two (2) percent per annum above the current prime rate. 7.2 Notwithstanding that any item or part of an item of an account rendered by the Accredited Checker is disputed or subject to question by the Client, the Client shall give prompt notice with reasons for disputing the payment by the Client meantime the remainder of that account shall not be withheld nor delayed on those grounds and the provisions of Sub clause 7.1 of this Clause shall apply to such remainder and also to part of the disputed or questioned item to the extent that the Client agrees to pay but subject to adjustments after settlement of the disputed or questioned item. 7.3 All professional fees due under this Agreement are exclusive of the Government Service Tax or Goods & Service Tax where the amount shall be paid by the Client to the Accredited Checker at the rate and in the manner as prescribed by law.
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