Common use of PROMPT PAYMENT DISCOUNTS Clause in Contracts

PROMPT PAYMENT DISCOUNTS. If a Contractor offers a discount for prompt payment, the Contractor shall include the terms of the discount on all invoices, the amounts which are due if the Authorized User meets the terms, and the number of days for which the Prompt Payment Discount offer applies. Prompt Payment Discounts shall not be revoked or diminished. If a Contractor accepts a Prompt Payment Discount, then all authorized Resellers shall also accept a Prompt Payment Discount.