Service Fees and Payment

Clause 3: Compensation and Payment Terms​

3.1 ​Service Fees:​​ The Client agrees to pay the Service Provider the fees as specified in Exhibit B (Pricing Schedule) attached hereto. All fees are quoted in [Currency] and are exclusive of any applicable taxes, duties, or levies, which shall be borne by the Client.

3.2 ​Invoicing:​​ The Service Provider shall issue monthly invoices to the Client on the first business day of each month for services rendered in the previous month. Each invoice shall contain a detailed breakdown of the services provided, quantities, applicable rates, and the total amount due.

3.3 ​Payment Terms:​​ The Client shall pay each invoice in full within thirty (30) calendar days from the date of receipt. Payments shall be made via bank transfer to the account designated by the Service Provider.

3.4 ​Late Payment:​​ In the event of late payment, the Client shall be liable to pay interest on the overdue amount at a rate of 1.5% per month, or the maximum rate permitted by applicable law, whichever is lower. Furthermore, the Service Provider reserves the right to suspend services until all outstanding amounts are settled in full

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