Refer to contract under 6.3 Invoice Payments (D)Late Invoices. If Contractor fails to invoice monthly or as provided in Section 6.2(A), then Contractor shall submit an invoice that meets the requirements of Section 6.2 within six months from the earlier of (1) completion of the Services or (2) the effective date of termination. Failure to submit an invoice within the time provided in this Section 6.3(D) will result in Company’s right to discount Contractor’s compensation by an amount equal to twenty-five percent of the invoice amount as liquidated damages (and not as a penalty) for Company’s administrative costs for processing and payment.
Late invoice, discount twenty-five percent of the invoice amount as liquidated damages.
Discount to twenty-five percent of invoice amount