Common use of Self Billing Clause in Contracts

Self Billing. Where the Affiliate (supplier) is a taxable person for VAT purposes, the Affiliate hereby authorizes Adultforce (customer) to issue invoices in the name and on behalf of the Affiliate (self-billing). Any Affiliate who is a taxable person hereby confirms that they will not issue any VAT invoices for transactions under the Agreement and shall accept any such invoices issued on their behalf by Adultforce. In case of de- registration from VAT or in case of any changes of the Affiliate’s status as a taxable person, they shall be obliged to notify Adultforce immediately. This self-billing agreement shall be effective for a period not exceeding 12 months. Upon the expiration of the period of this self-billing agreement, this self-billing agreement shall be automatically renewed for succeeding periods of 12 months each unless either party gives the other party a written notice at least 30 days prior to the expiration of any period of its intent not to renew this self-billing Agreement. -If the Affiliate states to Adultforce that a third party is the beneficial owner of any amounts payable to the Affiliate, then the Affiliate hereby accepts and confirms that is acting as the agent and/or representative of such third party and the consent and acceptance of such Agreement is being done by the Affiliate for and on behalf of such third party. If the Affiliate has stated a third party as the beneficial owner of any amounts payable to the Affiliate, the Affiliate must provide documentation to Adultforce evidencing such contractual relationship between the Affiliate and such third party as well as specifying which of the rights and obligations of the Affiliate under this Agreement shall remain with the Affiliate and which of the rights and obligations of the Affiliate under this Agreement shall belong to such third party.