Common use of PAYMENT Clause in Contracts

PAYMENT. All our invoices are payable at the registered office of the seller, net, without discount and in euros to one of our financial accounts within thirty days of the end of the month of invoicing or on the due date previously accepted by us, which shall not be considered as novation. In the absence of a complaint by registered letter within eight days of the date of dispatch, the invoice will be deemed to be accepted by the debtor. All invoices, even those not yet due, shall become immediately payable in the event of non-payment of a previous invoice. We reserve the right, even for partial shipment of a contract or an order, to require from the buyer the guarantees that we will judge suitable for the perfect execution of his commitments. Refusal by the purchaser creates the right to cancel all or part of the contract or order without our having to resort to formal notice or summons beforehand, nor to have the cancellation pronounced in court. This right is reserved to us without prejudice to any damages we may have to claim. We reserve the right to invoice any order as soon as it is ready in our factories if the buyer does not give his instructions within ten days after the planned delivery date.