E-Payment and E-Invoice Clause Samples
The E-Payment and E-Invoice clause establishes the use of electronic methods for issuing invoices and making payments between parties. Under this clause, invoices are sent and received digitally, and payments are processed through electronic banking or payment platforms, streamlining the transaction process. Its core function is to increase efficiency, reduce paperwork, and minimize delays or errors associated with manual invoicing and payment methods.
E-Payment and E-Invoice. The word “contractor” herein shall mean Professional, Vendor, Architect, Engineer, Lessor, etc. (Currently – July 2009 – the ▇▇▇ is exempt from E-Invoice.) The State agrees to make payment in accordance with Mississippi law on “Timely Payments for Purchases by Public Bodies”, Section 31-7-301, et seq. of the Mississippi Code of 1972, as amended, which generally provides for payment of undisputed amounts within forty-five (45) days of receipt of the invoice. Payments by state agencies using the statewide electronic payment and remittance vehicle shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of the Contractor’s choice. The State may, at its sole discretion, require the Contractor to submit invoices and supporting documentation electronically at any time during the term of this Agreement. Contractor understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency. No payment, including final payment, shall be construed as acceptance of defective or incomplete work, and the Contractor shall remain responsible and liable for full performance.
E-Payment and E-Invoice. The word “contractor” herein shall mean Professional, Vendor, Architect, Engineer, Lessor, etc.
E-Payment and E-Invoice. The word “contractor” herein shall mean Professional, Vendor, Architect, Engineer, Lessor, etc. Payments by state agencies using the statewide electronic payment and remittance vehicle shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of the Contractor’s choice. The State, may at its sole discretion, require the Contractor to submit invoices and supporting documentation electronically at any time during the term of this Agreement. The Contractor understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency.
E-Payment and E-Invoice. The word “contractor” herein shall mean Professional, Vendor, Architect, Engineer, Lessor, etc. (Currently – July 2009 – the BoB is exempt from E-Invoice.) 31-7-301, et seq. of the Mississippi Code of 1972, as amended, which generally provides for payment of undisputed amounts within forty-five (45) days of receipt of the invoice.
E-Payment and E-Invoice. The word “contractor” herein shall mean Professional, Vendor, Architect, Engineer, Lessor, etc. The State agrees to make payment in accordance with Mississippi law on “Timely Payments for Purchases by Public Bodies”, Section 31-7-301, et seq. of the Mississippi Code of 1972, as amended, which generally provides for payment of undisputed amounts within forty-five (45) days of receipt of the invoice. The State requires the Contractor to submit invoices electronically throughout the term of the agreement. Vendor invoices shall be submitted to the state agency using the processes and procedures identified by the State. Payments by state agencies using the Statewide Automated Accounting System (SAAS) shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of the Contractor’s choice. Contractor understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency. No payment, including final payment, shall be construed as acceptance of defective or incomplete work, and the Contractor shall remain responsible and liable for full performance.