Professional Biotech Pvt. Ltd.

Terms and conditions

Delivery Timeline 5 to 7 days

Delivery mode




Terms and conditions for payment are the specific guidelines and requirements that govern the process and conditions under which payments are made for goods or services. These terms and conditions outline the rights, responsibilities, and expectations of both the payer (buyer or client) and the payee (seller or service provider). While the exact terms and conditions may vary depending on the nature of the transaction and the parties involved, here are some common elements typically included:

  1. Payment Methods: Specify the acceptable methods of payment, such as cash, check, credit card, bank transfer, or electronic payment platforms like PayPal or Stripe.
  2. Payment Due Date: Clearly state the date by which the payment must be made. This includes information on whether it is due upon receipt, within a specific number of days, or on a specific future date.
  3. Late Payment: Outline the consequences or penalties for late payments. This can include additional fees, interest charges, or other consequences that may be imposed for non-compliance with the payment terms.
  4. Currency and Exchange Rate: Specify the currency in which the payment should be made, especially if the transaction involves international parties. If applicable, mention any provisions for currency conversion and the exchange rate to be used.
  5. Invoicing: Describe the process for generating and sending invoices, including the required information to be included on the invoice, such as the payment amount, due date, and relevant billing details.
  6. Disputes and Chargebacks: Clarify the procedures for resolving payment-related disputes or chargebacks, including any documentation requirements or dispute resolution mechanisms to be followed.
  7. Refunds and Returns: If applicable, outline the conditions for refunds or returns, including any applicable fees or restocking charges.
  8. Taxes and Duties: Specify whether the payment amount includes applicable taxes, customs duties, or other charges, or if they will be added separately.
  9. Confidentiality and Security: Include provisions relating to the confidentiality and security of payment-related information, such as encryption, data protection, and compliance with relevant privacy laws.
  10. Termination and Cancellation: Detail the conditions under which either party may terminate or cancel the payment agreement, including any associated fees or obligations.
  11. Governing Law: Determine the jurisdiction and governing law that will apply to any disputes or legal matters arising from the payment terms.

It is important to note that the terms and conditions for payment may vary depending on the specific industry, type of transaction, and local regulations. It is advisable to consult with legal professionals to ensure that the terms and conditions are comprehensive, legally binding, and in compliance with applicable laws.

Professional Biotech Pvt. Ltd.