Invoice; Approvals Clause Samples
The 'Invoice; Approvals' clause establishes the procedures and requirements for submitting and approving invoices under a contract. Typically, it outlines the documentation that must accompany invoices, the process for review and approval by the receiving party, and any timelines for payment once approval is granted. This clause ensures that payments are only made for properly documented and authorized charges, thereby reducing the risk of disputes and promoting transparency in the billing process.
Invoice; Approvals. All payments to be made by RedHill to IntelGenx hereunder shall be made against receipt of an appropriate invoice in respect of the amount of such payment. In the event any payment may require approval of any governmental authority, RedHill undertakes to promptly file for approval and in the event that such approval is not received by the due date of payment, RedHill undertakes to effectuate payment promptly following receipt of the necessary approval.
Invoice; Approvals. Buyer will inform Seller of the amount payable pursuant to any payment to be made hereunder all payments to be made by Buyer to Seller under this Agreement shall be made against receipt of an appropriate invoice in respect of the amount of such payment. Buyer will make payment of all Revenue Sharing Payments into the account of Seller specified in Exhibit 6.1 unless otherwise directed by Seller in writing beforehand and promptly provide the invoice. In the event any payment may require approval of any Governmental Authority, Buyer undertakes to promptly file for approval after engaging in reasonable prior consultation with Seller and in the event that such approval is not received by the due date of payment, Buyer undertakes to effectuate payment as soon as possible following the receipt of the necessary approval. The cost of obtaining any government approvals will be solely borne by Buyer.
Invoice; Approvals. Invoicing guidelines will be included in contract terms provided to contractors. Both parties will receive a copy of contractor invoices upon submittal. The contracting party (Pfi&E or RPD) will review the invoice for compliance with the contract terms and conditions and will coordinate with the contractor to resolve any discrepancies. If issues with a contractor invoice arises, the Core Team will discuss them during their weekly team call. Barring any disagreement, the contracting party will approve and process the contractor invoice via their internal procedures.