Charging masterpieces
Advance (30%)
Upon conclusion of the Agreement, the Buyer shall pay an advance of 30% of the total contract price. Veton may postpone commencement or delivery of its services and/or goods until this advance has been received. The advance will be deducted from subsequent invoices. Payments already made are not refundable, without prejudice to any mandatory statutory rights of the Buyer.
An order shall only be considered definitively confirmed once we have received the advance payment of 30%.
Place and term of payment
Invoices and/or claims are payable at Veton’s office in 2630 Aartselaar, Belgium. Payments must be made punctually and in accordance with the payment terms set out in the Agreement and the relevant invoices.
Late payment
In case of non-payment of invoices or advances on the due date, interest of 12% per annum shall accrue by operation of law and without prior notice from the due date. In addition, a contractual lump-sum penalty of 10% of the total outstanding amount (with a minimum of EUR 300) shall be due.
Suspension / termination
In the event of late or missing payments (including the advance), Veton shall be entitled to suspend its performance or terminate the Agreement at the Buyer’s expense, without any compensation being due by Veton. Payments already made will not be refunded.
Credit risk
If the Buyer is insolvent and/or presents a payment risk, Veton may terminate or suspend the Agreement, unless the Buyer provides sufficient guarantees for the fulfilment of its obligations.
Notification duty
The Buyer is obliged to notify Veton without delay and at the latest within 8 days of any inaccuracies in the information provided or stated in relation to the Agreement.