Price and payment. (1) The Customer is responsible for paying a reasonable advance to SEW in accordance with the contract.
(2) The Customer is responsible for paying VAT in accordance with the laws.
(3) If SEW learns of any significant deterioration in the Customer‘s financial position after sending an order confirmation, its receivables shall be due immediately. In addition, SEW is entitled to provide outstanding deliveries and services, even at variance from the order confirmation, with only an advance payment from the Customer, and to unilaterally terminate the agreement after a reasonable grace period unless the Customer provides security. The same applies in case of the Customer’s failure to comply with the terms of payment, even if such failure involves other orders arising out of the mutual business relationship.
