Payment Terms, Purchase Orders
Reseller agrees to pay Vendor in accordance with the Vendor’s Quote or Order Form. Invoices will be issued with Net 45 terms. No terms in Reseller’s Purchase Orders are accepted and are expressly rejected.
Prices do not include taxes. Reseller agrees to indemnify, defend, and hold Vendor harmless from any taxes arising from this Agreement, except for U.S. taxes based on Vendor’s income.
- Reverse Charge / Self-Assessment: Vendor may issue tax-free invoices under applicable reverse charge or self-assessment mechanisms. Reseller shall be solely responsible for accounting and paying applicable taxes.
- Non-Resident VAT: Vendor reserves the right to register for VAT or similar indirect tax systems as required by applicable law.
Gross-Up for Withholding: If any applicable law requires Reseller to withhold taxes from payments to Vendor, Reseller shall gross up such payments so that Vendor receives the full amount invoiced, without reduction for any withholding taxes. Reseller shall be solely responsible for remitting such withheld amounts to the appropriate tax authority.
