Common use of Prices / Payment Terms Clause in Contracts

Prices / Payment Terms. 1. The agreed prices are fixed prices. Unless otherwise agreed, payment will be made within 14 days with a 2 % dis- count or within 45 days net. These periods are computed from (i) the time of performance in compliance with the con- tract and (ii) receipt of a proper and verifiable invoice. If we receive and accept a delivery at an earlier date than the date agreed upon, the payment period begins with the agreed de- livery date. Invoices are to be submitted without carbon cop- ies but shall include the purchase order number, purchase order line, our account and customer reference, place of un- loading, Supplier number, part number, number of pieces, price per piece, and volume per delivery. The Supplier agrees to participate to a credit memo procedure upon our request.