Payment shall be done by the Customer within 15 working days upon receipt of an invoice from RK WebTechnology Company. In case of any delay in the payment settlement from the customer's side for more than 5 working days from the due date, the customer shall be liable to pay an interest of 1.5% per 15 days duration or the maximum permitted by applicable legal sanction, whichever is less, on the delayed payments from the due date of payment. In case of non-payment of the Compensation/Payments, RK WebTechnology shall retain the rights in the Service(s) or Product(s) for which the amount is outstanding. Any amount that is billed for the Hourly Rate Contracts shall be due and settled/paid upon the dispatch of an invoice. Concerning a written agreement between RK WebTechnology Company and Customer, invoices will be issued for the accomplished work, assignment(s) by the company once every [Payment Cycle/Payment Period].
RK WebTechnology is an independent sole proprietorship entity and considers this agreement completely for the service(s) or consulting solution offered to the customer. There is nothing in this contract that shall be construed to create a joint partnership, joint venture, agency, or employer-employee relationship with a third-party entity or customer.