Common use of Payment Clause in Contracts

Payment. Payment for the first supply must be made upon delivery of the goods (in cash or by cashier's check) or in advance. The payment deriving from a commercial agreement will be reserved for subsequent supplies. Domino reserves the right to modify the payment terms without notice in the event of a change in commercial references or non-compliance with the agreed timing by the customer. Payments are due within the agreed terms even in the event of delay in the arrival of the goods or breakdowns, partial or total losses occurring during transport, as well as in the event that the goods made available are not collected by the customer. In cases of delayed payment, a debit note will be issued for the interest on arrears corresponding to the official discount rate increased by 5%.