You are here: Contract Clause > Clauses > 5.3 - Advance Payment.

Try our advanced search >>
CLAUSES Search Contract Clauses >>
Browse Contract Clause Library>>

You are currently viewing:

This Advance Payment clause is from the contract involving . RealDealDocs contains millions of easily searchable legal documents and clauses from top law firms. Search our Legal Agreements or our Contract Clause Library for free.

50 of the Top 250 law firms use our Products every day

5.3 - Advance Payment.

In connection with the Initial Order, Biospherics shall make the following payments to Inalco in advance of delivery of Product (each, an "Advance Payment"): A. Within three business days following execution of this Agreement, Biospherics will make an advance payment of five hundred thousand dollars (US$500,000) to Inalco. B. Within six months thereafter, provided that Inalco has in place the required bank guarantee described in Section 2.8, Biospherics will make payment for the balance of the Initial Order in the amount of five hundred thousand dollars (US$500,000). 4 ARTICLE VI: TERM