Common use of Prices and Payment Terms Clause in Contracts

Prices and Payment Terms. 5.1 Order prices are net and do not include value added tax (“VAT”). VAT shall be payable in addition, where applica- ble and on receipt by us from the Supplier of a valid VAT invoice (or other relevant document required for the pur- pose of VAT recovery by us) except where some other express arrangement has been agreed. Unless otherwise specified in the order, the prices agreed shall remain unchanged until fulfillment of the contract is completed. 5.2 An invoice for each order shall be sent to us after each delivery. The order details contained in the order letter shall be cited in full in the invoice. 5.3 The terms of payment of the goods are specified in our purchase orders, which are considered part of this agree- ment. The complete receipt of the all goods is a prerequisite of payment. 5.4 We are entitled to set off and retain title according to applicable law.

Prices and Payment Terms. 5.1 Order prices are net and do not include value added tax (“VAT”). VAT shall be payable in addition, where applica- ble applicable and on receipt by us from the Supplier of a valid VAT invoice (or other relevant document required for the pur- pose purpose of VAT recovery by us) except where some other express arrangement has been agreed. Unless otherwise specified in the order, the prices agreed shall remain unchanged until fulfillment of the contract is completed. 5.2 An invoice for each order shall be sent to us after each delivery. The order details contained in the order letter shall be cited in full in the invoice. 5.3 The terms of payment of the goods are specified in our purchase orders, which are considered part of this agree- mentagreement. The complete receipt of the all goods is a prerequisite of payment. 5.4 We are entitled to set off and retain title according to applicable law.