Payment Discrepancy Clause Samples
A Payment Discrepancy clause defines the procedures and responsibilities for addressing differences or errors in payment amounts between parties. Typically, this clause outlines how either party should notify the other of a discrepancy, the timeframe for raising such issues, and the process for resolving disputes, such as providing supporting documentation or issuing adjustments. Its core function is to ensure that payment errors are identified and corrected efficiently, thereby minimizing misunderstandings and maintaining accurate financial records.
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Payment Discrepancy. To the extent a Party believes there is a discrepancy or error in its Primary Party’s calculation of any Dealer Fees allegedly due to it for any given month, such Party will provide notice in writing to its Primary Party that it disputes the amount alleged to be owed and the Parties will use commercially reasonable efforts to resolve the dispute prior to the date that the payment is due. If the dispute is the result of a disagreement about the number of Customers alleged to have been generated by a Party in its capacity as Dealer, corrections shall be made based upon documentation acceptable to the Primary Party, in its sole discretion, showing the number of Customers generated through such Party’s performance of Dealer services hereunder.
Payment Discrepancy. To the extent a Party believes there is a discrepancy or error in the calculation of any Lead Generation Fees or Dealer Fees allegedly due to it for any given month, such Party will provide notice in writing to the other Party with a detailed description of the disputed amount alleged to be owed to it. The Parties agree to use commercially reasonable efforts to resolve the dispute promptly (i.e., before the next scheduled fee payment) and reconcile any agreed upon discrepancies by adjusting the next scheduled fee payment accordingly. If the dispute is the result of a disagreement about the number of Customers alleged to have been generated by a Party in its capacity as Dealer, corrections shall be made based upon documentation acceptable to the other Party, in such other Party’s sole discretion, showing the number of Customers generated through the provision of Dealer Services during the relevant time period.
Payment Discrepancy. Where the Contractor provided services under this contract to an eligible enrollee and requested payment, but has not received said funds; or conversely where the Contractor did not provide services to an individual under this contract but received payment. A payment discrepancy also includes any situation where the Contractor was paid an incorrect capitation amount for an enrollee.