DISCREPANCIES IN AMOUNT Clause Samples
The "Discrepancies in Amount" clause defines how differences between stated and actual amounts in a contract or related documents are to be handled. Typically, this clause outlines the procedure for resolving inconsistencies, such as when an invoice, purchase order, or payment record reflects conflicting figures. For example, if a written amount and a numerical amount differ, the clause may specify which figure prevails or how the parties should reconcile the difference. Its core function is to prevent disputes and confusion by establishing a clear method for addressing and correcting such discrepancies.
DISCREPANCIES IN AMOUNT. Checks where the numerical and written amounts of the check are not the same, in which case the amount deposited will be that amount which corresponds to the amount on the invoice or Remittance statement enclosed in the envelope with the check. If the numerical and written amounts on any check are the same, but do not correspond to the amount on the invoice or Remittance statement enclosed in the envelope with the check, the check amount will be deposited.
DISCREPANCIES IN AMOUNT. If the numerical and written amounts of any Check are not the same, the numerical or written amount that corresponds to an amount on the Remittance Material(s) enclosed with the Check, if applicable, will be the amount deposited. If the numerical and written amounts on any Check are the same but do not correspond to an amount on the Remittance Material(s) enclosed with each Check, the amount reflected on the Check will be deposited.