Common use of Invoice Due Date Clause in Contracts

Invoice Due Date. Invoices are due within fifteen (15) days of receipt of the applicable invoice. X-Rite may suspend the Services or terminate this Agreement for non-payment by You, as set forth in Section 9. You will pay a late fee equal to one-and-one-half percent (1.5%) per month or the maximum amount allowed by law, if less, on all past due amounts.