Glossary entry

English term or phrase:

from payments held with

Polish translation:

z płatności należnych od

Added to glossary by margomal
Jan 21, 2016 08:58
8 yrs ago
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English term

from payments held with

English to Polish Law/Patents Law: Contract(s)
If Performance/Warranty Bond amount decreases due to any deduction from the
Seller’s account or if the value of supplies or works exceed the amount stipulated in
the Contract as a result of extra requirements or subsequent to variation orders, the
Seller shall upon demand from the Buyer raises the Performance/Warranty Bond, to
an amount equivalent to 10% of the total Contract value after the increase, within
twenty days from the date of the claim. If the Seller fails to do so the Buyer reserves
the right to withhold the amount required to replenish the Performance/Warranty
Bond from Seller’s payments held with him.

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z płatności należnych od

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