Contract payment method and conditions Clause Samples

Contract payment method and conditions. 6.1 After the monthly end, for the materials in Warehouse C, the purchaser shall verify with Party B based on the consignment material requisition list provided by the warehouse management personnel. After both parties confirm that there are no errors, Party B shall issue a value-added tax special invoice based on this list. 6.2 Party A shall verify the material requisition list with Party B before the 5th day of each month, and notify Party B to issue the original value-added tax special invoice (including invoice copy and deduction copy) for the corresponding amount of goods in the requisition list. Party B shall issue invoices in accordance with the notice of Party A and send them to Party A before the 10th day of each month. The signing date shall be based on the receipt date of the invoice signing form. Party A will sign the invoices received before the 20th of each month and complete the billing for that month. If Party B fails to issue an invoice according to Party A’s relevant requirements, Party A has the right to refund the invoice. If Party B fails to issue an invoice or if the invoice does not meet the requirements, Party A has the right to refuse to pay for the goods. Unified recipient of Party A’s invoice: H▇▇▇▇ ▇▇▇▇▇ Contact information: Address: M▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 6.3 Settlement period and method: Party B shall sign a purchase order with Party A, and issue corresponding invoices to Party A according to Party A’s requirements after supply, Party A shall record in the financial system, and the invoices recorded in the current month shall be settled on the 28th of that month as the starting date of the accounting period. The settlement period and method shall be in accordance with the third method as follows: ① Three months after the settlement period expires, Party A and Party B shall settle 75% of the contract/purchase order amount; After 240 days of pre acceptance or settlement of the account period for the installation of the wind turbine units supplied by Party B. After 12 months, Party A and Party B shall settle 20% of the contract/purchase order amount, and the payment receipt shall be a 6-month commercial acceptance; ② After the settlement account expires six months, Party A and Party B shall settle 95% of the contract/purchase order amount, and the payment invoice shall be a 6-month commercial acceptance; ③ Other: 95% payment within 3 months, 5% warra...