50% Upfront Contract Clause
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Payment
The Client shall pay 50% of the Charges to the Service Provider on or before the commencement of the Services and the remaining 50% upon completion of the Services.
The Charges are exclusive of GST. Where GST is payable by the Service Provider, the Client shall pay the GST to the Service Provider on receipt of a valid tax invoice.
If the Client fails to make any payment due to the Service Provider under this Agreement by the due date for payment, then, without limiting the Service Provider's remedies under this Agreement, the Client shall pay interest on the overdue amount at the rate of 4% per annum above the Reserve Bank of Australia's base rate from time to time. Such interest shall accrue on a daily basis from the due date until actual payment of the overdue amount.
All amounts due under this Agreement shall be paid in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law).
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