Common use of PRICES; PAYMENT Clause in Contracts

PRICES; PAYMENT. 3.1 The prices agreed are firm prices. Within the European Union (EU), the prices shall be deemed as agreed to be DDU. However, outside of the EU, the prices shall be deemed to be agreed DDP (INCOTERMS 2000). The prices shall be deemed to include packaging and to be excluding statutory value added tax. All other local taxes or fees assessed or levied on the Buyer are to be borne by the Supplier. The Buyer shall be entitled to withhold any applicable withholding taxes from payments.