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Common use of Withholding of Payment Clause in Contracts

Withholding of Payment. If the Buyer has claims resulting from the Supplier’s breach of contract, the Buyer is entitled to withhold as much of the purchase price as a breach appears to constitute of the total compensation.

Appears in 10 contracts

Samples: General Purchase Conditions, General Purchase Agreement, General Purchase Conditions

Withholding of Payment. If the Buyer has claims resulting from the Supplier’s breach of contract, the Buyer is entitled to withhold as much of the purchase price as a the breach appears to constitute of the total compensation. The Supplier cannot claim penalty interest for the withheld amount, as long as the withholding is not clearly unreasonable.

Appears in 4 contracts

Samples: Purchase of Services Agreement, Standard Contract for Purchase of Services, Standard Contract for Purchase of Services