Respective

"Payment of the above fee will be made in two installments after receipt of the respective invoices."

I don't think "respective" is necessary. What do you think?

Thanks!

respective invoices = invoices mentioned before or the ones we are talking about.

You could delete the word, as long as it is very clear what invoices you are talking about.

Does this clause make sense to you?

Payment of the above fee will be made in two installments within 30 days after receipt of the invoices. The first installment in the amount of 50,000 Euro is due on the signing of this Agreement and the second installment in the amount of 50,000 Euro on May 1, 2012.

I'm not sure I understand it. Once the agreement is signed and the amount is invoiced, you have 30 days to pay. So you don't have to pay right after signing the agreement. But to me, the word "due" implies you have to pay right after signing the agreement.

Thanks!

It is fine. The timing of the obligation to pay depends on the tense of the verb used. With scheduled events, the present simple is often used for future events. So, 'It is due 30 days after X' is fine.

Quote:

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Originally Posted by 5jj

It is fine. The timing of the obligation to pay depends on the tense of the verb used. With scheduled events, the present simple is often used for future events. So, 'It is due 30 days after X' is fine.

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So "due on the signing of this Agreement" and "within 30 days of receipt of the invoices" aren't contradictory? The money's due within 30 days of the signing of the agreement, and not on the signing of the agreement?

Sorry. I was answering a question you didn't ask! You are right. That passage is not clear - unless the agreement itself contains the invoices, and the date is 1 May 2012.