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  2. Take-or-pay contract - Wikipedia

    en.wikipedia.org/wiki/Take-or-pay_contract

    A take-or-pay contract, or a take-or-pay clause within a contract, is a payment obligation agreed between a business customer and its supplier. With this kind of contract, the customer either takes the product from the supplier or pays the supplier a penalty. For any product the company takes, it agrees to pay the supplier a certain price, say ...

  3. Gross-up clause - Wikipedia

    en.wikipedia.org/wiki/Gross-up_clause

    The sequence of additional payment, tax calculation, additional payment continues until the recipient receives the same amount, net of all the taxes, as would have been received had there been no taxes. The formula for calculating the total amount of a grossed-up payment is (the amount of the payment) divided by (1 minus the tax rate). Thus, a ...

  4. Remittance advice - Wikipedia

    en.wikipedia.org/wiki/Remittance_advice

    The remittance advice should therefore specify the invoice numbers for which payment is tendered. In countries where cheques are still used, most companies' invoices are designed so that customers return a portion of the invoice, called a remittance advice, with their payment.

  5. Clawback - Wikipedia

    en.wikipedia.org/wiki/Clawback

    The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract.

  6. Product return - Wikipedia

    en.wikipedia.org/wiki/Product_return

    The return policy posted at a Target store In retail , a product return is the process of a customer taking previously purchased merchandise back to the retailer , and in turn receiving a refund in the original form of payment , exchange .

  7. Overpayment scam - Wikipedia

    en.wikipedia.org/wiki/Overpayment_scam

    An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.

  8. China's Temu vendors protest over penalty policy

    www.aol.com/news/chinas-temu-vendors-protest...

    Hundreds of Chinese sellers on Temu have protested against what they call unbearably high penalties imposed by the firm, one of the merchants involved in the protest told Reuters, a fresh sign of ...

  9. Contingent fee - Wikipedia

    en.wikipedia.org/wiki/Contingent_fee

    In some civil cases, courts have rejected fees exceeding 10% of the award as unjust enrichment of the attorney, requiring the attorney to refund the excess to the client. [ 14 ] On July 23, 2015, the Supreme Court of Korea ruled that contingent fee agreements for criminal representation were void as against public policy, under Article 103 of ...