Right to withhold payment of disputed amount Sample Clauses
The 'Right to withhold payment of disputed amount' clause allows a party to temporarily suspend payment of any sums that are subject to a genuine dispute between the contracting parties. In practice, if one party believes that an invoice is incorrect or that services or goods were not delivered as agreed, they can withhold the contested portion of the payment while the dispute is resolved, but must still pay any undisputed amounts. This clause serves to protect parties from being forced to pay amounts they do not owe, ensuring that financial obligations are only met once issues are properly addressed and resolved.
Right to withhold payment of disputed amount. If:
(a) any amount which is payable under any provision of this contract other than Schedule 7 is in dispute under Clause 16.2.1; or
(b) an invoice or statement of amounts payable under any provision of this contract contains an error and the recipient of such invoice or statement has notified the issuer of any aspects of the invoice or statement which contain an error and which it disputes under Clause 16.2.1, then:
(i) the undisputed amount shall be paid in accordance with Clause 16.1.3, or as otherwise provided for in this contract;
(ii) the disputed balance, or such part of it as has been agreed or determined to be payable, shall be paid or set off, as the case may be, within 35 days after the end of the Charging Period in which the dispute is resolved or determined; and
(iii) Clause 16.3.1 shall apply also in respect of the disputed balance, or such part of it as has been agreed or determined to be payable.
Right to withhold payment of disputed amount. If:
(a) any amount which is payable under any provision of this contract other than Schedule 7 is in dispute under Clause 16.2.1; or
(b) an invoice or statement of amounts payable under any provision of this contract contains an error and the recipient of such invoice or statement has notified the issuer of any aspects of the invoice or statement which contain an error and which it disputes under Clause 16.2.1, then: