Common use of Remuneration and Payment Clause in Contracts

Remuneration and Payment. 5.1. The prices are DDP (place of destination: domicile of Plaston). 5.2. The following payment term shall apply: 14 days 3% dis- count, 45 days net. 5.3. Without a correct and complete invoice and the receipt of the merchandise by Plaston, the purchase price shall not become due. In particular, it should be noted that the invoice shall contain all legally required data, with special consider- ation to the Value Added Tax Law where applicable. Such data shall include at least the proper designation of the in- voice recipient and the correct presentation of the Value Added Tax where applicable. In addition, the Partner’s in- voice must quote ▇▇▇▇▇▇▇’s order number and ▇▇▇▇▇▇▇’s ref- erence and item number or item numbers. 5.4. Once the final invoice has been submitted to ▇▇▇▇▇▇▇, the Partner may make no further belated claims for remu- neration. 5.5. The Partner may assign claims against ▇▇▇▇▇▇▇ to third parties only after prior written consent by ▇▇▇▇▇▇▇.