Terms & conditions
Acceptance of the invoice implies acceptance of all terms & conditions taken up inthis 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 end ofmonth (30DEM). Payments are to be made solely on account number BE33 7310 44685346.
- Late Payment Interest: Invoices not paid within the specified timeframe shallautomatically and immediately accrue interest at the rate of 1% per month, withoutrequiring any additional notice reminder in this respect.
- Non-payment: In the event of non-payment, the outstanding amount will be increasedwith a lump sum of 15% of the total invoice amount, with a minimum of EUR 62.50, ascompensation 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 withineight (8) calendar days starting from the invoice date, all invoices, account statementsand/or other documents are presumed to have been irrevocably accepted by thedebtor. As a result, any written protests beyond the 8 days boundary will no longer beaccepted.
- Disputing an invoice does not automatically give the right to postpone or refusepayment within the agreed upon payment terms.
- In the event of possible disputes related to the current performance and servicesrendered 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.
