Payments: Unless otherwise stated, payment of the contract price for goods and/or services, shall be due in cash, no later than 30 days, from receipt of invoice. If the contract provides for delivery by installments, each instalment shall constitute a sperate contract, in respect of which invoices may be rendered for payment in full for goods dispatched, or services provided shall be made, notwithstanding that such goods or services od not include all the goods set out in the contract.
Time for payment shall be of the essence and any failure by the customer to make payments to the company, on the due date, shall entitle the company at its option, and without prejudice to any other of its rights, to suspend delivery of any outstanding goods, or the completion of any outstanding services, pending payment and/or treat the contract as repudiated. Unless otherwise agreed in writing, the customer shall not be entitled to set off against any monies due to the company under the contract any amount claimed by or due to the customer, from the company, whether pursuant to the contract or on any other account whatsoever. Interest will be charged on overdue accounts at 2½ % monthly.