Common use of Invoicing and Payment Terms Clause in Contracts

Invoicing and Payment Terms. For direct sales from SISW or an SISW affiliate to a Customer, SISW will invoice Customer for Software and, if applicable, the annual Maintenance Services fees for the initial maintenance term once the Software has been made available for electronic download. SISW will invoice Customer in advance for each subsequent Maintenance Services renewal term. SISW will invoice Customer monthly in arrears for all other charges as incurred unless otherwise agreed by the parties. Professional Services will be invoiced monthly in arrears as charges are incurred or as otherwise stated in accordance with the terms and conditions set out in the applicable SOW. Regardless whether related to Software, Maintenance Services, Professional Services or any other product or service provided or delivered under this Agreement, Customer will pay each invoice within 30 days after the date of the SISW invoice unless otherwise agreed by the parties.