Common use of Payment method and terms Clause in Contracts

Payment method and terms. (1) All prices shall be quoted in euros (EUR). The total price shall include the service, installation, implementation, training, travel and maintenance costs during the warranty period, unless otherwise specified by the Purchaser in writing. The specified amount shall remain the same until the time of payment. (2) The prices of the products to be delivered under the Agreement will be expressed in a fixed amount. Value added tax will be shown separately on each invoice. (3) In the event that in the period between the conclusion and the performance of the Agreement there is a price reduction in the Supplier’s general price list or a price reduction in the price list of its Supplier, the Supplier shall be obliged to apply such prices to the Agreement. (4) The deadline for payment of liabilities under the Agreement is 60 days from the date of receipt and filing of the invoice at the Purchaser, unless an objection has been made, but the payment liability will not fall due before the Supplier has fulfilled performance of the Agreement (delivery, successful acceptance test, etc.). The date of payment shall be deemed to be the date on which the payment is made. (5) The invoice shall be deemed to be properly drawn up only if it contains the following elements: PO number, item number, type and serial number as it appears on the products, responsible department and responsible employee of the Purchaser, as well as the PO date, in accordance with the Value Added Tax Law. All invoices will clearly state any cash discounts (cashback) and other discounts. Each invoice shall state custom's tariff numbers and the individual weight of the product delivered under the Agreement. The invoice must be accompanied by a delivery note. In the event that the invoices are not prepared properly and particularly if the invoices are addressed incorrectly or contain errors or any other faults in contents or calculation, the amounts indicated on the invoice will not become due until such faults have been remedied to the satisfaction of both parties and the Purchaser will be entitled to return such invoices. (6) Invoices may also be submitted electronically to x-xxxxxxx@x0.xx if they meet all the requirements in order to be considered an electronic document in accordance with the applicable law and other regulations regulating this area. (7) Payments under the Agreement made by the Purchaser shall not constitute a confirmation that the Supplier has fulfilled its obligations under the Agreement and in particular shall not constitute a waiver by the Purchaser of the rights arising from technical warranties, guarantees or indemnities.