TERMS of BUSINESS

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THE FRESH PASTA COMPANY LIMITED | TERMS OF BUSINESS

1. All invoices must be paid within 14 days of the date of the invoice and time of payment is of the essence.

2. All invoices shall be paid without any deduction whether by way of set-off, counterclaim, discount, abatement or otherwise except for agreed over-payments and credits which have been given.

3. If for any reason an invoice is unpaid at the expiry of the credit period of 14 days, we reserve the following rights:

• 3.1.1. To despatch immediately invoices for any work done and/or goods to be supplied under orders placed but not yet fulfilled
• 3.1.2. To claim immediate payment of all invoices despatched including those within the credit period even if delivery has not taken place and the property in any goods has not passed to the buyer.
• 3.1.3. To suspend delivery of goods and/or supply of services.
• 3.1.4. To be paid on indemnity basis any costs we incur in recovering any money due under this contract (and the costs of recovering such costs) including our administrative costs and any costs incurred with lawyers or debt collection agencies. In calculating our administrative costs credit will be given for any compensation due under the Late Payment of Commercial Debts (Interest) Act 1998.
• 3.1.5. To claim interest and compensation under the Late Payment of Commercial Debts (Interest) Act 1998 and it is agreed that the term implied by that Act shall apply after any judgment as well as before.
• 3.1.6. Any reference to the Late Payment of Commercial Debts (Interest) Act 1998 is also a reference to any amendment, modification or re-enactment of it.

The exercise of all or any of the above rights shall be without prejudice to our right to accept the repudiation of the contract arising from the failure to pay any invoice by the due date and shall not act as a waiver of that right.