Common use of Settlement Basis Clause in Contracts

Settlement Basis. The fee will be settled when the vehicles are delivered. The settlement quantity will be the quantity of the Products delivered by Party A to Party B and checked and accepted by Party B, which will be subject to the handover procedure of the Products signed by both parties.

Appears in 2 contracts

Sources: Cooperative Manufacturing Agreement (Xpeng Inc.), Cooperative Manufacturing Agreement (Xpeng Inc.)