Common use of Invoice Payment terms Clause in Contracts

Invoice Payment terms. Distributors will deliver one copy of the invoice with the goods. Invoices are to be pre-printed with distributor name on a uniform invoice form. Items, item description, product code numbers, quantities, unit cost, extended amount, and contract number must be shown on each invoice. Payment terms are net 30 days, provided goods and/or services have been received in satisfactory and proper manner. All discounts must be included in the bid price and should be based on 30-day payment.