Common use of Payment and Invoicing Clause in Contracts

Payment and Invoicing. 14.1. The Purchaser must pay all sums due to the Supplier within 30 days of receipt of a valid invoice or 30 days of the date of delivery of the Goods, whichever is the later. 14.2. The Supplier must render invoices «F40: insert invoicing frequency». 14.3. The Supplier must ensure that each invoice contains appropriate Contract and Order references and a detailed breakdown of the Goods supplied. The Supplier must supply such other documentation reasonably required by the Purchaser to substantiate any invoice. 14.4. Value added tax, where applicable, must be shown separately on all invoices as a strictly net extra charge. 14.5. Interest is payable by the Purchaser on the late payment of any undisputed sums of money properly invoiced in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. 14.6. In this clause 14, ‘valid invoice’ includes an electronic invoice meeting all the requirements set out in regulation 70A of the Public Contracts (Scotland) Regulations 2015 or regulation 44A of the Concession Contracts (Scotland) Regulations 2016.

Payment and Invoicing. 14.1. The Purchaser must pay all sums due to the Supplier within 30 days of receipt of a valid invoice or 30 days of the date of delivery of the Goods, whichever is the later. 14.2. The Supplier must render invoices «F40: insert invoicing frequency». 14.3. The Supplier must ensure that each invoice contains appropriate Contract and Order references and a detailed breakdown of the Goods supplied. The Supplier TheSupplier must supply such other documentation reasonably required by the Purchaser to substantiate any invoice. 14.4. Value added tax, where applicable, must be shown separately on all invoices as a strictly net extra charge. 14.5. Interest is payable by the Purchaser on the late payment of any undisputed sums of money properly invoiced in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. 14.6. In this clause 14, ‘valid invoice’ includes an electronic invoice meeting all the requirements set out in regulation 70A of the Public Contracts (Scotland) Regulations 2015 or regulation 44A of the Concession Contracts (Scotland) Regulations 2016.