ASM Terms and Conditions

ASM INVOICING AND PAYMENT TERMS

Invoices for the Fees shall be issued by the Organizer with standard 30-Day Terms.  payment is required Within 30 Days of the invoice being issued. Value of Invoice 100% of the fees please refer to  Section 3 in the informa Markets Sponsorship, and Consultancy , Training Terms and conditions

3. Fees

3.1. Client shall pay the Fees in cleared funds in accordance with the payment terms stated

in the Booking Form. Organizer shall have no liability whatsoever if Client pays the Fees

(or any portion thereof) into any bank account other than the bank account specifically

designated by Organizer to Client for payment. In particular, Organizer shall not be

liable for any loss, damage, cost, claim or expense suffered or incurred by Client and/

or any of its Personnel arising out of or in connection with third party fraud, including,

without limitation, false change of bank account communications, identity theft and other

scams. Payment of the Fees into Organizer’s designated bank account only shall satisfy

Client’s payment obligations under this Contract. To the extent that Client receives any

communication notifying Client of a change in Organizer’s designated bank account,

Exhibition Terms and Conditions for further details.

3.2. It is the intent of the parties that Organizer shall receive the Fees in full and that any: (i)

banking and other transfer of payment charges, and (ii) applicable VAT, GST, sales and/

or service taxes shall be paid solely by Client (in addition to the Fees). If and to the extent

that any withholding taxes are payable in connection with the whole or any portion of

the Fees, Client shall pay such withholding taxes directly to the relevant tax authority

and furnish Organizer with a valid certificate evidencing payment. To the extent that a

valid certificate is not provided, or to the extent that Organizer is unable to recover the

withholding taxes, the amount of the Fees shall be increased by an amount necessary to

compensate for the withholding taxes (including, without limitation, any amount necessary

to “gross up” for withholding taxes levied on the increase itself).

3.3. Client acknowledges and agrees that certain services may be required by the Owners and/

or Organizer for the safe and efficient operation of the Event, including, without limitation,

connection to and consumption of utilities (for example, electricity) and inspection/

health and safety auditing of exhibition stand/shell scheme plans. Such services shall be

provided by contractors appointed by the Owners and/or Organizer and it is a condition of

this Contract that Client uses such contractors for these services. Rates and charges for

such services (Contractor Fees) shall be set out in the Manual or otherwise provided in

writing by Organizer prior to the Opening Date. Client is solely responsible for payment of

the Contractor Fees directly to each relevant contractor, in accordance with each relevant

contractor’s payment terms. If Client fails to pay the Contractor Fees in accordance with

such payment terms, Organizer may at its sole discretion: (i) pay such Contractor Fees

itself and recharge Client directly for these, or (ii) deem that Client has committed an

irremediable material breach of this Contract and exercise Organizer’s rights pursuant to

Condition 15.1.