Payment mechanism: milestone and delay payments (customer friendly) | Practical Law

Payment mechanism: milestone and delay payments (customer friendly) | Practical Law

A payment mechanism clause for commercial supply agreements, drafted from the customer's point of view, in which payment is linked to achievement of milestones and the supplier is obliged to make payments to the customer if there is any delay.

Payment mechanism: milestone and delay payments (customer friendly)

Practical Law ANZ Standard Clause w-018-6187 (Approx. 7 pages)

Payment mechanism: milestone and delay payments (customer friendly)

by Practical Law New Zealand with assistance from Hayley Miller and Campbell Featherstone, Partners, Dentons Kensington Swan
Law stated as at 14 Dec 2022 • , New Zealand
A payment mechanism clause for commercial supply agreements, drafted from the customer's point of view, in which payment is linked to achievement of milestones and the supplier is obliged to make payments to the customer if there is any delay.