Common use of Fees, pricing Clause in Contracts

Fees, pricing. and payment terms 8.1. The right of use or receipt of services requires payment to be made to Servicetrace for all invoiced amounts for the Software and/or services. All payments must be paid to Servicetrace by the Purchaser without deduction no later than fourteen (14) days from receipt of the invoice. Monthly payments shall be made by the 14th day of the month of use. 8.2. Should payment by the Purchaser be more than thirty (30) days overdue, Servicetrace shall issue a written reminder and will then be permitted to demand interest on arrears from the due date at the rate of 1.5% per month or the highest rate allowed under the law, whichever is lower. 8.3. The applicable statutory sales tax (VAT) and any import taxes shall be added to all fees.