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Payment Agreement

This Payment Agreement ("Agreement") is entered between the facility, its license holder and its personnel, hereinafter referred to as the "Facility" and Botsogo Jwame Proprietary Limited, a private company limited by shares, hereinafter referred to as the "We/Us/Our" pertaining to the Facility’s use of Botsogo Jwame System (“System”).

  1. Payment Terms:
  1. Service Fee: The Facility agrees to a service fee which depends on the payment option chosen. 
  1. Invoice and Settlement:
  1. Our system shall automatically calculate the service fees for each facility.
  2. Invoices will be generated as per the schedule in table 1. Each invoice should be settled on or before the last settlement date as outlined in the table.
  3. When an invoice is generated the facility will receive an email, in-app and/or sms notification.
  4. Facilities can also view invoices under the Account tab. The status of each invoice will be indicated.

 

Table 1:

 

Invoice Date

Period Covered in Invoice

Last Settlement Date

7th 

28th of previous month to 6th

16th

14th 

7th to 13th

23rd

21st

14th to 20th

1st

28th

21st to 27th 

10th

 

  1. Payment Collection:
  1. The facility shall collect the total service fee amount directly from the patients when billing.
  2. The facility shall be responsible for the collection, management, and disbursement of the service fees to Our bank account as specified in the invoices.
  1. Late Payments:
  1. If a facility does not pay their invoice on or before the specified settlement date it may result in Us charging a late payment fee of 2% of the outstanding balance. After one month from the original due date, if no valid reason has been given and the invoice remains unpaid, We may also limit the facility’s access to the system until the invoice is paid in full.
  1. Termination:
  1. This Contract may be terminated by either party with written notice. In the event of termination, the facility will be responsible for paying all outstanding invoices within the agreed-upon terms and conditions.
  1. Governing Law:
  1. This Contract shall be governed by and construed in accordance with the laws of Botswana.

By accepting this Contract, the facility acknowledges and agrees to the payment terms and conditions as outlined herein.

Effective

27/12/2023