Invoices are payable by direct debit or bank transfer and cash on delivery. Invoices are due 5 calendar days after the invoice date. If receipt of the invoice is uncertain, the due date shall be determined after receipt of the goods. The provisions of the German Civil Code apply to the delay. The invoice is sent electronically by e-mail in the ZUGFeRD format (Central User Guideline Forum electronic invoice Germany).
If the buyer, who is not a final consumer, is in default with his payment obligations, the seller is entitled to charge default interest in the amount of 8% above the applicable base interest rate.
In the event of a delay, the seller will forward the matter directly to his debt collection agency for collection.
In the event of a delay in payment, the seller may revoke any discounts or other advantages granted. The same shall apply in the event that the buyer is forfeited or a significant deterioration in the buyer’s financial situation becomes known, which is likely to jeopardize the seller’s payment claims. In this case, the Seller may refuse his outstanding service until an appropriate advance payment is made or security is provided, without prejudice to any other legal possibilities.
Partial deliveries (commercial sales units) are considered to be closed business and are subject to the above terms of payment. The set-off against the claims of the seller is excluded, unless the counterclaim is undisputed, similar or legally established. The exercise of the commercial right of retention is excluded. For the rest, a right of retention is only permissible if this is based on the same contractual relationship. Complaints of defects do not release from the obligation to pay in due time.