This office lease clause specifically states the availability of electricity, the pricing, the quantity and the quality of the electricity provided to the demised premises.
Washington Electricity Clause Specifically Stating Availability Pricing Quantity and Quality of Service Provided
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A Payment Terms clause in a Terms and Conditions agreement is where you set out some key points regarding how you handle and accept payments.
What Is the Difference Between a Contract Provision and Clause? A provision in a contract stipulates a condition or requirement. A clause is a section or subsection written into a contract, which may contain one or more provisions within it.
Prompt Payment The Act entitles certified small businesses, and recognized nonprofit organizations, to collect penalties from state agencies if an undisputed invoice is not paid within 45 days of the invoice receipt date.
52.232-25 Prompt payment. Notwithstanding any other payment clause in this contract, the Government will make invoice payments under the terms and conditions specified in this clause. The Government considers payment as being made on the day a check is dated or the date of an electronic funds transfer (EFT).
(1) Prompt payment for subcontractors. A payment clause that obligates the Contractor to pay the subcontractor for satisfactory performance under its subcontract not later than 7 days from receipt of payment out of such amounts as are paid to the Contractor under this contract.
Prompt payment is a commercial discipline which requires businesses to: agree fair and reasonable payment terms with their suppliers. ensure suppliers' invoices are approved and paid within agreed terms. encourage adoption of the same practices throughout their supply chain.
The work performed under M&O contracts is intimately related to DOE's mission, is of a long-term and continuing nature, and, among other things, includes special requirements for work direction, safety, security, cost controls, and site management.
(c) The Government has the right to inspect and test all services called for by the contract, to the extent practicable at all times and places during the term of the contract. The Government shall perform inspections and tests in a manner that will not unduly delay the work.