Billing and Payment Terms

  1. Premium and Enterprise Customers (Customer) may elect one of the following billing options when placing its order for the Licensed Material.
    1. Monthly Plan. If the Customer selects this option, the Customer will not be committed to purchase the Licensed Material for a pre-defined term, but will pay for the Licensed Material on a monthly basis. The Licensor will bill the Customer monthly in arrears for its use of the Licensed Material.
    2. Annual Plan. If the Customer selects this option, the Customer will be committed to purchasing the Licensed Material from the the Licensor for an annual term, and in exchange will receive a discount on the Licensed Material which will be reflected in the Customer’s monthly payment. The Licensor will still bill the Customer pro rata monthly in arrears for its use of the Licensed Material when the Customer has an annual commitment for the Licensed Material with the Licensor.
  2. All payments due are in UK Pounds Sterling unless otherwise indicated.
    1. Credit Card or Debit Card. Fees for orders where the Customer is paying with a credit card, debit card or other non-invoice form of payment, are due at the end of the month during which the Customer received the Licensed Material. For credit cards, or debit cards, as applicable: (i) the Licensor will charge the Customer for all applicable fees when due and (ii) these fees are considered delinquent fourteen days after the end of the month during which the Customer received the Licensed Material
    2. Invoices. Payments for invoices are due fourteen days after the invoice date and are considered delinquent after such date.
  3. Delinquent payments may bear interest at the rate of one-and-one-half percent per month (or the highest rate permitted by law, if less) from the payment due date until paid in full. The Customer will be responsible for all reasonable expenses (including attorneys' fees) incurred by the Licensor in collecting such delinquent amounts, except where such delinquent amounts are due to the Licensor's billing inaccuracies.
  4. Suspension for Non-Payment.
    1. The Customer will have fourteen days to pay the Licensor delinquent Fees. If the Customer does not pay the Licensor delinquent Fees within fourteen days, the Licensor will automatically suspend the Customer’s use of the Licensed Material. The duration of this suspension will be until the Customer pays the Licensor all outstanding Fee
    2. During Suspension if the Customer has an annual commitment to the Licensor for the Licensed Material, the Licensor will continue to charge the Customer monthly fees during the Customer’s suspension for non-payment and the Customer must pay all outstanding Fees in order to resume its use of the Licensed Material.
    3. If the Customer remains suspended for non-payment for more than thirty days, the Licensor may at its sole discretion terminate the Customer for breach of contract.
  5. The Customer is responsible for any taxes, and the Customer will pay the Licensor for the Licensed Material without any reduction for taxes, unless the Customer provides the Licensor with a valid tax exemption certificate authorised by the appropriate tax authority.
  6. If the Customer requires a purchase order number on its invoice, the Customer will inform the Licensor and the Licensor will include such purchase order number on invoices following receipt. If the Customer does not provide a purchase order number, the Customer waives any purchase order requirement and
    1. the Licensor will invoice the Customer without a purchase order number; and
    2. the Customer agrees to pay invoices without a purchase order number referenced. Any terms and conditions on a purchase order do not apply to this Agreement and are null and void.