Common use of Unpaid Invoices Clause in Contracts

Unpaid Invoices. If OWNER fails to make the payment due ENGINEER for services and expenses within thirty (30) days after receipt of ENGINEER’S invoice therefore, the amounts properly due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) from said thirtieth day; and, in addition, ENGINEER may, after giving thirty (30) days written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full, all amounts properly due for services, expenses and charges. In the event of a disputed or contested billing, only that portion so contested may be withheld from payment, and the undisputed portion will be paid.

Unpaid Invoices. If OWNER fails to make the any payment due ENGINEER for services and expenses within thirty (30) days after receipt of ENGINEER’S invoice ’s invoices therefore, the amounts properly due ENGINEER will be increased at the rate of 1.01.5% per month (or the maximum rate of interest permitted by law, if less) from said thirtieth day; and, in addition, ENGINEER may, after giving thirty (30) days seven days’ written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full, full all amounts properly due for to services, expenses and charges. Payments will be credited first to interest and then to principal. In the event of a disputed or contested billing, only that portion so contested may be withheld from payment, and the undisputed portion will be paid.