Payment Terms and Conditions

Invoices sent by our Belgian Entity:

  • Payment Due Date: All invoices must be settled by their specified due date.

  • Late Payment Penalties: Any invoice not paid by the due date will automatically incur interest at an annual rate of 12%, calculated from the original due date, without the need for a formal notice of default.

  • Default Compensation: In the event of default, a compensation fee of 15% of the invoice amount will be charged, with a minimum of €500.

  • Invoice Disputes: Any disputes regarding the invoice must be submitted via registered mail within 8 days of receipt.

  • Jurisdiction: Any legal disputes will be exclusively handled by the courts of Mechelen, Belgium.

  • Language: All legal proceedings and documentation must be conducted in Dutch, as required by the legal jurisdiction of Flanders, Belgium.

  • Governing Law: This agreement shall be governed by and construed in accordance with the laws of Belgium.

  • Acceptance of Terms: By using our services or paying the invoice, you agree to these payment terms and conditions.

  • Severability Clause: If any provision of these terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

  • Modification of Terms: We reserve the right to update these terms and conditions. Any changes will be communicated and apply to all future transactions.

Invoices sent by our US Entity:

  • Payment Due Date: All invoices must be paid by the specified due date.

  • Late Payment Penalties: Any invoice not paid by the due date will automatically incur interest at an annual rate of 12%, calculated from the original due date, without the need for a formal notice.

  • Default Compensation: In the event of default, a compensation fee equal to 15% of the invoice amount will be charged, with a minimum of €500.

  • Invoice Disputes: Any disputes regarding the invoice must be communicated via registered mail within 8 days of receipt.

  • Jurisdiction: Any legal disputes related to these terms will be exclusively resolved in the courts of New York, USA.

  • Governing Law: This agreement is governed by and will be interpreted in accordance with the laws of the State of New York, USA.

  • Acceptance of Terms: By using our services or making payment on the invoice, you agree to these payment terms and conditions.

  • Severability Clause: If any provision of these terms is found to be invalid or unenforceable, the remaining provisions will remain in effect.

  • Modification of Terms: We reserve the right to update these terms and conditions. Any changes will be communicated and will apply to all future transactions.