Payment Terms Contract Clause

Payment Terms

1. The Service Provider will issue invoices to the Client on a monthly basis.

2. The Client shall pay the Service Provider the amount set forth in each invoice no later than thirty (30) days after the date of such invoice.

3. The Client shall pay all amounts due under this Agreement in US dollars.

4. In the event payments are not received by the Service Provider within thirty (30) days after becoming due, the Service Provider may: a) charge interest on any such unpaid amounts at a rate of 1.5% per month or, if lower, the maximum amount permitted under applicable law, from the date such payment was due until the date paid; and b) suspend performance for all Services until payment has been made in full.