Common use of Payments Clause in Contracts

Payments. 7.1 – Unless otherwise agreed, payments shall be made by the Customer within the terms provided in the written confirmation of acceptance of order at the Supplier’s domicile or with the Bank indicated by him: in the event of delay, the Customer shall be bound to pay interest on arrears, in any case reserving to the Supplier the option to request compensation for greater damage suffered and termination of the contract as per Art. 11 below.