Terms & conditions
Acceptance of the invoice implies acceptance of all terms & conditions taken up in this document (unless specified differently in existing framework agreement).
1. Payment Terms
- Payment Due Date: All invoices shall be due and payable within thirty (30) days starting from invoice date. Payments are to be made solely on account number BE33 7310 44685346.
- Late Payment Interest: Invoices not paid within the specified timeframe shall automatically and immediately accrue interest at the rate of 1% per month, without requiring any additional notice reminder in this respect.
- Non-payment: In the event of non-payment, the outstanding amount will be increased with a lump sum of 15% of the total invoice amount, with a minimum of EUR 62.50, as compensation for the damage and the costs of prosecution and indemnification.
2. Dispute Resolution
- Except for a written protest - by registered letter - which must reach BUFFL BV within eight (8) calendar days starting from the invoice date, all invoices, account statements and/or other documents are presumed to have been irrevocably accepted by the debtor. As a result, any written protests beyond the 8 days boundary will no longer be accepted.
- Disputing an invoice does not automatically give the right to postpone or refuse payment within the agreed upon payment terms.
- In the event of possible disputes related to the current performance and services rendered only the competent courts in the district of Antwerp (department Mechelen) will be authorized.
3. Additional Conditions
- Considerable drops in Incidence Rate (IR) within a project, will impact feasibility &costs applied.
