Common use of Payment and Invoicing Clause in Contracts

Payment and Invoicing. 12.1. The Purchaser must pay all sums due to the Service Provider within 30 days of receipt of a valid invoice. 12.2. The Service Provider must render invoices «F48: insert invoicing frequency». 12.3. The Service Provider must ensure that each invoice contains appropriate Contract and Order references «F49: , details of any Service Credits applied» and a detailed breakdown of the Services provided. The Service Provider must supply such other documentation reasonably required by the Purchaser to substantiate any invoice. 12.4. Value added tax, where applicable, must be shown separately on all invoices as a strictly net extra charge. 12.5. Where any Service Credits have been credited to the Purchaser they must be applied against the next invoice rendered by the Service Provider. Where no invoice is due or likely to be rendered for a period exceeding 2 months, the Service Provider must promptly issue a credit note and pay the credited sum to the Purchaser within 30 days of issue. 12.6. Interest is payable on the late payment of any undisputed sums of money in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. In the case of sums due by the Purchaser, the sums referred to in this clause must be properly invoiced by the Service Provider.

Payment and Invoicing. 12.1. The Purchaser must pay all sums due to the Service Provider within 30 days of receipt of a valid invoice. 12.2. The Service Provider must render invoices «F48: insert invoicing frequency». 12.3. The Service Provider must ensure that each invoice contains appropriate Contract and Order references «F49: , details of any Service Credits applied» and a detailed breakdown of the Services provided. The Service Provider must supply such other documentation reasonably required by the Purchaser to substantiate any invoice. 12.4. Value added tax, where applicable, must be shown separately on all invoices as a strictly net extra charge. 12.5. «F50: Where any Service Credits have been credited to the Purchaser they must be applied against the next invoice rendered by the Service Provider. Where no invoice is due or likely to be rendered for a period exceeding 2 months, the Service Provider must promptly issue a credit note and pay the credited sum to the Purchaser within 30 days of issue.» 12.6. Interest is payable on the late payment of any undisputed sums of money in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. In the case of sums due by the Purchaser, the sums referred to in this clause must be properly invoiced by the Service Provider.

Payment and Invoicing. 12.1. The Purchaser must pay all sums due to the Service Provider within 30 days of receipt of a valid invoice. 12.2. The Service Provider must render invoices «F48: insert invoicing frequency». 12.3. The Service Provider must ensure that each invoice contains appropriate Contract and Order references «F49: , details of any Service Credits applied» and a detailed breakdown of the Services provided. The Service Provider must supply such other documentation reasonably required by the Purchaser to substantiate any invoice. 12.4. Value added tax, where applicable, must be shown separately on all invoices as a strictly net extra charge. 12.5. «F50: Where any Service Credits have been credited to the Purchaser they must be applied against the next invoice rendered by the Service Provider. Where no invoice is due or likely to be rendered for a period exceeding 2 months, the Service Provider must promptly issue a credit note and pay the credited sum to the Purchaser within 30 days of issue.» 12.6. Interest is payable on the late payment of any undisputed sums of money in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. In the case of sums due by the Purchaser, the sums referred to in this clause must be properly invoiced by the Service Provider. Guidance notes: These are standard SG payment terms. Payment terms in sub-contracts are addressed in clause 34 (Sub-Contracting).