Invoice rectification Clause Samples
The invoice rectification clause establishes a process for correcting errors or discrepancies found in invoices issued between parties. Typically, this clause outlines the timeframe within which a party must notify the other of any mistakes, such as incorrect amounts, missing information, or calculation errors, and describes the steps for issuing corrected invoices or credit notes. Its core practical function is to ensure that billing is accurate and transparent, reducing disputes and facilitating prompt resolution of invoicing issues.
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Invoice rectification. If LESSEE identifies any discrepancies in the tax invoices, invoices and/or the documents submitted by LESSOR, as mentioned in Section 9.2(v) above, in relation to its internal controls, LESSEE will return the documents and the invoice to LESSOR so that the latter may provide for the necessary rectifications and issue a new invoice as a replacement. In this event, the indicated term for payment will be extended for the subsequent month.