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  3. Law: Contract(s)

Illogical provision

English translation: explanation

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Illogical provision
Selected answer:explanation
Entered by: zax

20:53 May 31, 2006
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s) / Contract provision
English term or phrase: Illogical provision
A friend has asked me for my opinion on this passage, and I'm just checking that I've not overlooked anything and that this really is nonsense. Grateful for your comments:
---------
Terms of payment are net within thirty (30) days from date of invoice for contracts amounting to less than £30,000.
Terms of payment for contracts exceeding £30,000 shall be made according to the following: [so far, so good]
(a) Twenty percent (20%) of the contract value with the contract payable thirty (30) days from date of invoice.
(b) Eighty percent (80%) of the contract value in equal monthly payments over the performance period payable thirty (30) days from date of invoice.
--------
TonyTK
explanation
Explanation:
(a) The first invoice (20%) comes with the contract and is payable in 30 days. (b) The second invoice (partial 80%) comes the second month and is payable in the second 30 days... and so forth.
Selected response from:

zax
Local time: 20:38
Grading comment
Ta muchly.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +3explanation
zax


Discussion entries: 4





  

Answers


22 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
illogical provision
explanation


Explanation:
(a) The first invoice (20%) comes with the contract and is payable in 30 days. (b) The second invoice (partial 80%) comes the second month and is payable in the second 30 days... and so forth.

zax
Local time: 20:38
Works in field
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Ta muchly.

Peer comments on this answer (and responses from the answerer)
agree  Dave Calderhead
58 mins
  -> Thanks, Dave
agree  Will Matter
1 hr
  -> Thanks, willmatter
agree  Alfa Trans (X)
6 hrs
  -> Thanks, Marju
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