1. Payment Terms
1.1 Invoice Issuance:
– Invoices will be issued upon the delivery of goods or completion of services.
– All invoices will include a detailed breakdown of goods supplied or services rendered, including quantities, unit prices, and total amounts.
1.2 Payment Due Date:
– Payment is due within 30 days from the date of invoice unless otherwise agreed upon in writing.
2. Payment Methods
2.1 Accepted Payment Methods:
– Bank Transfer (Preferred)
2.2 Bank Transfer Details: Detailed on the invoice
– Please include the invoice number in the payment reference.
3. Late Payments
3.1 Late Payment Fees:
– A late fee of 4.5% per month will be applied to overdue invoices.
– After 60 days of non-payment, we reserve the right to halt further deliveries or services until the outstanding invoice is settled.
3.2 Collection Costs:
– The client will be responsible for any legal fees or collection costs incurred due to the enforcement of payment.
4. Disputed Invoices
4.1 Notification of Dispute:
– Any disputes regarding an invoice must be submitted in writing within 7 days of the invoice date.
– The dispute should clearly detail the nature of the disagreement and any supporting documentation.
4.2 Resolution of Disputes:
– We will review the dispute and respond within 5 business days.
– If the dispute is resolved in favour of the client, a corrected invoice will be issued, and the due date adjusted accordingly.
– If the dispute is resolved in our Favor, the original payment terms will apply.