Purchase Order Failure
This clause emits a payment obligations for purchase orders that are received late.
Issues credits for late purchase orders
This clause emits a payment obligations for purchase orders that are received late.
In the event that a Purchase Order Failure causes any Product to be delivered more than 1 days after the delivery date for such Product specified in the applicable Purchase Order therefore, "Buyer Corp" shall be entitled to receive a 5.0% discount on the Actual Price for such late delivered Product which would otherwise have been payable pursuant to "Article 5". In the event that a Purchase Order Failure causes any Product to be delivered more than 2 days after the delivery date for such Product specified in the applicable Purchase Order therefore, "Buyer Corp" shall be entitled to receive a 10% discount on the Actual Price for such late delivered Product which would otherwise have been payable pursuant to "Article 5". In the event that a Purchase Order Failure causes any Product to be delivered more than 10 days, after the delivery date for such Product specified in the applicable Purchase Order therefore, "Buyer Corp" shall be entitled to receive a 50% discount on the Actual Price for such late delivered Product which would otherwise have been payable pursuant to "Article 5". Any discount amount owing to "Buyer Corp" pursuant to this "Section 3.5(c)" shall be paid by paying "Buyer Corp" such amount via electronc money transfer.
Please refer to the Cicero documentation for details and examples of how to integrate a call to a Cicero template into your application.
View the Latest code for this template on on GitHub.
{
"$class": "com.docusign.clauses.PurchaseOrderFailure",
"contractId": "a2a013cd-e85e-415c-8e8f-6448cd123a1f",
"buyer": {
"$class": "org.accordproject.cicero.contract.AccordParty",
"partyId": "Buyer Corp"
},
"lateOne": {
"$class": "org.accordproject.time.Duration",
"amount": 1,
"unit": "days"
},
"lateTwo": {
"$class": "org.accordproject.time.Duration",
"amount": 2,
"unit": "days"
},
"lateThree": {
"$class": "org.accordproject.time.Duration",
"amount": 10,
"unit": "days"
},
"lateOnePercent": 5,
"lateTwoPercent": 10,
"lateThreePercent": 50,
"article": "Article 5",
"thisSection": "Section 3.5(c)"
}
Type | Sample JSON |
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org.accordproject.cicero.contract.AccordContractState |
|
Type | Sample JSON |
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com.docusign.connect.DocuSignEnvelopeInformation |
|
Type | Sample JSON |
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com.docusign.clauses.PurchaseOrderFailureResponse |
|
Type | Sample JSON |
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org.accordproject.cicero.runtime.PaymentObligation |
|