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  1. In the absence of written agreement to the contrary, due amounts are payable within 30 days after date of invoice, without any discount, suspension or claim of compensation.
  2. In cases of late payment the Buyer shall be deemed to be in default without the need for any notice of default or judicial intervention, as well as all the expenses involved in collecting his debt, both judicial and extrajudicial. The extrajudicial costs owed will never be less than 15% of the sum to be collected.
  3. In cases of late payment the Vendor shall be entitled to suspend his obligations under the relevant Contract or to fully or partially dissolve the Contract entered into with the Buyer without the need for a notice of default or legal intervention being required and to claim full compensation for damages from the Buyer, without prejudice to the Vendor’s other rights under the Contract or by law.
  4. If the Vendor suspects or receives indications during the implementation of the Contract that the Buyer’s credit worthiness has reduced, the Vendor shall be entitled to cease further deliveries. The Vendor further reserves the right (also if the contract of sale has been entered into under other conditions) to require cash on delivery or advance payment for the goods.
  5. If a charge is made for packaging, those charges shall be payable together with payment for the principal amount as provided for in this article.
  6. Upon or after entering into the Contract and before its implementation, the Vendor will be entitled to demand a guarantee from the Buyer that both the payment obligations and any other obligations arising from this Contract will be fulfilled. Refusal by the Buyer to provide the required security gives the Vendor the right to suspend its obligations and ultimately, without any notice of default or legal intervention, the right to dissolve the Contract wholly or partially, without prejudice to his right to compensation for any damages suffered by him.
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