Common use of The price and Payment Clause in Contracts

The price and Payment. 3.1 Unless otherwise stated the price for the goods shall be the price stipulated in our published price list current at the date of acceptance of your order. 3.2 The price is exclusive of any VAT which shall be due at the rate ruling on the date of our VAT invoice. 3.3 We may at your request supply a written quotation for the sale of goods to you. All quotations are open for acceptance for 30 days from the date of the quotation unless withdrawn by us during that period. (Drafting note: please ensure quotations also incorporate T&C’s). 3.4 Provided you are not purchasing as a consumer we reserve the right to give notice to you at any time up to 7 days before delivery to increase the price of the goods to reflect any increase in the cost to us which is due to factors occurring after the making of the contract which are beyond our reasonable control (including without limitations, foreign exchange fluctuations, taxes and duties and the cost of labour, materials and other manufacturing costs). Where we do this we may cancel the contract within 7 days of any such notice. 3.5 Payment of the price must be made on completion of work. 3.6 We may offer a prompt payment discount at any time. Any such discount given will be treated as been given at our discretion. 3.7 If for any reason you fail to make payment as required by these conditions, then with effect from the date of delivery of the goods to you, the balance of the price will bear interest at the rate of 4% per annum over the base rate of Barclays bank plc subject to a maximum level of 16% per annum. 3.8 If any bank charges are incurred as a result of failure for any reason of your paying bank to honour any payment made by you will reimburse us in full within 7 days of such charges being notified to you and any such suns shall constitute a debt payment immediately on demand. 3.9 If you fail to make a payment on the due date then without prejudice to any other remedies which have we may refer the matter for further action. 3.10 Payment of the price is of essence.

The price and Payment. 3.1 Unless otherwise stated the price for the goods shall be the price stipulated s�pulated in our published price list current at the date of acceptance of your order. 3.2 The price is exclusive of any VAT which shall be due at the rate ruling on the date of our VAT invoice. 3.3 We may at your request supply a written quotation wri�en quota�on for the sale of goods to you. All quotations quota�ons are open for acceptance for 30 days from the date of the quotation quota�on unless withdrawn by us during that period. (Drafting Dra�ing note: please ensure quotations quota�ons also incorporate T&C’s). 3.4 Provided you are not purchasing as a consumer we reserve the right to give notice no�ce to you at any time �me up to 7 days before delivery to increase the price of the goods to reflect reflect any increase in the cost to us which is due to factors occurring after a�er the making of the contract which are beyond our reasonable control (including without limitationslimita�ons, foreign exchange fluctuationsfluctua�ons, taxes and duties du�es and the cost of labour, materials and other manufacturing costs). Where we do this we may cancel the contract within 7 days of any such noticeno�ce. 3.5 Payment of the price must be made on completion comple�on of work. 3.6 We may offer offer a prompt payment discount at any time�me. Any such discount given will be treated as been given at our discretiondiscre�on. 3.7 If for any reason you fail to make payment as required by these conditionscondi�ons, then with effect effect from the date of delivery of the goods to you, the balance of the price will bear interest at the rate of 4% per annum over the base rate of Barclays bank plc subject to a maximum level of 16% per annum. 3.8 If any bank charges are incurred as a result of failure for any reason of your paying bank to honour any payment made by you will reimburse us in full within 7 days of such charges being notified no�fied to you and any such suns shall constitute cons�tute a debt payment immediately on demand. 3.9 If you fail to make a payment on the due date then without prejudice to any other remedies which have we may refer the matter ma�er for further actionac�on. 3.10 Payment of the price is of essence.