Important Advice Clause Samples
The "Important Advice" clause serves to provide critical information or recommendations to the parties regarding the agreement or its subject matter. Typically, this clause highlights key considerations, such as the need to seek independent legal or financial advice before entering into the contract, or it may warn about significant risks associated with the agreement. Its core practical function is to ensure that parties are fully informed and aware of important issues, thereby promoting informed decision-making and helping to prevent misunderstandings or disputes later on.
Important Advice. According to § 356 para. 5 of the German Civil Code BGB, in the case of a contract for the delivery of digital content (eg a software acquired by download) not on a physical data carrier, revocation right expires when VERBI has begun the execution of the contract after the Customer
1. has expressly agreed that VERBI shall begin the execution of the contract before expiry of the period of revocation and
2. has confirmed their knowledge that they will lose their right of withdrawal by its consent at the beginning of the execution of the contract. VERBI shall start to execute the contract as described above at the time when the consumer starts the download.
Important Advice. 9.6.1 You should choose a payment option that enables you to pay our invoice on time, avoid unnecessary fees and take advantage of available discounts. If you do not make any payment when due, in addition to any other remedies, we may:
(a) Charge you interest for late payment at 5% above our current bank overdraft-lending rate as notified to you by us. Interest will accrue daily from the due date for payment until payment is made and will be payable by you on demand.
(b) Recover from you any cost, expenses or disbursements incurred by us in recovering money from you, including without limitation, debt collection agency fees and legal fees.