Common use of Term & Payment Clause in Contracts

Term & Payment. Unless otherwise agreed, the License shall commence on the date that a non-temporary access key is first made available to the Licensee. Unless otherwise agreed, the contract shall be concluded for a term of 1 year and shall continue from year to year thereafter until terminated in accordance with any of the provisions of this Agreement. The license fees are provided in the Licensor’s offer and shall therefore be clearly indicated to the Licensee prior to execution of the Agreement. The provided prices are excluding the statutory VAT unless otherwise stipulated in the Licensor’s offer. The license fee shall be paid by the Licensee in advance for the agreed contract term unless no other agreement is concluded between the parties. All invoices shall be paid within 14 days after the receipt of the invoice by the Licensee. The Licensor shall have the right to charge interest on overdue invoices, calculated from the date when payment of the invoice becomes due for payment up to and including the date of actual payment whether before or after judgment. Payment is accepted by the Licensor in the form of an electronic funds transfer. Payments by credit card incur a 3% processing fee.

Term & Payment. Unless otherwise agreed, the The License shall commence on the date that a non-temporary access key is first made available to the Licensee. Unless otherwise agreed, the contract shall be concluded for a term of 1 year and shall continue from year to year thereafter until terminated in accordance with any of the provisions of this Agreement. The license fees are provided in the Licensor’s offer and shall therefore be clearly indicated to the Licensee customer prior to execution conclusion of the Agreementcontract. The provided prices are excluding the statutory VAT unless otherwise stipulated in the Licensor’s offer. The license fee shall be paid by the Licensee annually and in advance for the agreed contract term unless no other agreement is concluded between the parties. All invoices shall be paid within 14 days after the receipt by the Licensee of the invoice by the Licenseeinvoice. The Licensor shall have the right to charge interest on overdue invoices, calculated from the date when payment of the invoice becomes due for payment up to and including the date of actual payment whether before or after judgment. Payment is accepted by the Licensor in the form of an electronic funds transfer. Payments by credit card incur a 32.5% processing fee.