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Payment Details
Extract from the Terms & Conditions of Business
1. Charges
3.1 Where the Service consists of the provision of consultancy services the Client shall pay to the Company within 14 days of the date of the relevant invoice the Initial Consultation Fee and throughout the continuance of the Contract a monthly management fee of such amount as may be agreed between the Company (or failing agreement in accordance with the Company’s Standard Charges)
1.2 Subject to any special terms agreed, and to condition 3.1, the Client shall pay the company’s Standard Charges and any additional sums which are agreed between the Company and the Client for the provision of the Service or which, in the Company’s sole discretion, are required as a result of the Client’s instructions or lack of instructions, the inaccuracy of any Input Material or any other cause attributable to the Client.
1.3 The Company shall be entitled to vary the Company’s Standard Charges from time to time by giving not less than one months’ written notice to the Client.
1.4 All charges quoted to the Client for the provision of the Service are exclusive of any Value Added Tax, for which the Client shall be additionally liable at the applicable rate from time to time.
1.5 The Company shall be entitled to invoice the Client following the end of each month in which the Service is provided, or at other times agreed with the Client.
1.6 The Company’s Standard Charges and any additional sums payable shall be paid by the Client (together with any applicable Value Added Tax, and without any set?off or other deduction) within 30 days of the date of the Supplier’s invoice.
1.7 If payment is not made on the due date, the Company shall be entitled, without further notice and without limiting any other rights it may have
3.7.1 to charge interest on the outstanding amount (both before and after any judgement) at the rate of 2% above the base rate from time to time of HSBC Bank plc from the due date until the outstanding amount is paid in full
3.7.2 to cease all further supplies of the Service to the Client without liability in respect of any loss or damage sustained by the Client as a result PROVIDED THAT in such event the Client shall not in any respect be released from its obligations under that or any other Contract
3.8 Time for payment shall be of the essence of the Contract