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Contract Clause Guidance
Summary
Contract clauses can specify a one-year term with no automatic renewal unless written notice is given. Payment terms can include a 30-day period for undisputed invoices, with a process for resolving disputes. Liability clauses can cap customer liability to annual fees paid, with exceptions for negligence and fraud. Consult a local attorney for personalized advice.Full Conversation
provide me with a clause for a contract that covers the customer will pay any undisputed invoice within 30 days of receipt of invoice. Customer reserves the right to withhold fees for any disputed invoice until resolved.
Sure! Here's a clause you can include in your contract:
Payment Terms:
The Customer agrees to pay any undisputed invoice within thirty (*) days of receipt. The Customer reserves the right to withhold payment for any disputed invoice until the dispute is resolved.
Payment Terms:
The Customer agrees to pay any undisputed invoice within thirty (*) days of receipt. The Customer reserves the right to withhold payment for any disputed invoice until the dispute is resolved.
please make the above clause more detailed
Sure! Here's a more detailed clause you can include in your contract:
Payment Terms:
*. Invoice Payment: The Customer agrees to pay any undisputed invoice within thirty (*) days of receipt of the invoice.
*. Dispute Resolution: In the event of a dispute regarding any invoice, the Customer shall notify the Supplier in writing within ten (*) days of receipt of the disputed invoice, detailing the nature of the dispute and the amount in question.
*. Withholding Payment: The Customer reserves the right to withhold payment for any disputed portion of the invoice until the dispute is resolved. The undisputed portion of the invoice shall be paid within the original thirty (*) days.
*. Resolution Process: Both parties agree to work together in good faith to resolve any invoice disputes promptly. Upon resolution, any amounts owed shall be paid within fifteen (*) days of the resolution date.
*. Late Payment: If the Customer fails to pay any undisputed invoice within the specified thirty (*) days, the Supplier reserves the right to charge interest on the overdue amount at a rate of *.*% per month, or the highest rate permitted by law, whichever is lower, until payment is made in full.
*. Payment Methods: Payments shall be made via [specify payment methods, e.g., bank transfer, credit card, etc.], as agreed upon by both parties.
This clause provides a clear and detailed explanation of the payment terms, including the process for handling disputed invoices, the resolution process, and the consequences of late payment.
Payment Terms:
*. Invoice Payment: The Customer agrees to pay any undisputed invoice within thirty (*) days of receipt of the invoice.
*. Dispute Resolution: In the event of a dispute regarding any invoice, the Customer shall notify the Supplier in writing within ten (*) days of receipt of the disputed invoice, detailing the nature of the dispute and the amount in question.
*. Withholding Payment: The Customer reserves the right to withhold payment for any disputed portion of the invoice until the dispute is resolved. The undisputed portion of the invoice shall be paid within the original thirty (*) days.
*. Resolution Process: Both parties agree to work together in good faith to resolve any invoice disputes promptly. Upon resolution, any amounts owed shall be paid within fifteen (*) days of the resolution date.
*. Late Payment: If the Customer fails to pay any undisputed invoice within the specified thirty (*) days, the Supplier reserves the right to charge interest on the overdue amount at a rate of *.*% per month, or the highest rate permitted by law, whichever is lower, until payment is made in full.
*. Payment Methods: Payments shall be made via [specify payment methods, e.g., bank transfer, credit card, etc.], as agreed upon by both parties.
This clause provides a clear and detailed explanation of the payment terms, including the process for handling disputed invoices, the resolution process, and the consequences of late payment.
provide me with a liability clause for a contract setting out the customers liability to the supplier capped and the annual fees paid
Case Rating: *
Sure! Here's a liability clause you can include in your contract:
Liability Cap:
*. The Customer's total liability to the Supplier under this Agreement, whether in contract, tort (including negligence), or otherwise, shall not exceed the total amount of annual fees paid by the Customer to the Supplier under this Agreement.
*. This limitation of liability shall not apply to:
- Any liability arising from death or personal injury caused by the Customer's negligence.
- Any liability arising from fraud or fraudulent misrepresentation by the Customer.
*. The Supplier agrees that the limitations of liability set out in this clause are reasonable and reflect the agreed allocation of risk between the parties.
This clause limits the Customer's liability to the Supplier to the total annual fees paid under the Agreement, with exceptions for death, personal injury, and fraud.
Sure! Here's a liability clause you can include in your contract:
Liability Cap:
*. The Customer's total liability to the Supplier under this Agreement, whether in contract, tort (including negligence), or otherwise, shall not exceed the total amount of annual fees paid by the Customer to the Supplier under this Agreement.
*. This limitation of liability shall not apply to:
- Any liability arising from death or personal injury caused by the Customer's negligence.
- Any liability arising from fraud or fraudulent misrepresentation by the Customer.
*. The Supplier agrees that the limitations of liability set out in this clause are reasonable and reflect the agreed allocation of risk between the parties.
This clause limits the Customer's liability to the Supplier to the total annual fees paid under the Agreement, with exceptions for death, personal injury, and fraud.
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