Common use of Invoice Terms Clause in Contracts

Invoice Terms. TeleSign shall issue invoices on a monthly basis, promptly following the end of each month for the total amount of Fees due for Services during that month. The invoice is due and payable thirty (30) calendar days from invoice date. If Client has a reasonable basis to dispute any invoice, it may do so by notifying TeleSign of the dispute prior to the invoice due date. If Client disputes any invoice, the parties will reasonably negotiate to resolve the dispute. Client shall be deemed to be in default hereunder if payment of any undisputed Fees are not received by TeleSign within Thirty (30) days of the invoice date and, in addition to its other remedies, TeleSign may charge Client interest at that rate equal to the lesser of one and one half percent (1½ %) per month or the maximum amount permitted by Applicable Law on all sums that remain unpaid at the expiration of such period.