Common use of VAT Provisions Clause in Contracts

VAT Provisions. 20.1 Each amount stated to be payable by the Buyer to the Seller under or pursuant to this agreement is exclusive of VAT (if any). 20.2 If any VAT is chargeable on any supply made by the Seller under or pursuant to this agreement, the Buyer will pay the Seller an amount equal to that VAT, subject to the Seller supplying the Buyer with a VAT invoice at the time of payment.

Appears in 2 contracts

Sources: Pre Emption and Option Agreement, Pre Emption and Option Agreement