Renewal, 1 October
- Agreed
- Seats can drop at renewal with 60 days' notice; $480 per seat a year
- Delivered
- Written notice for 900 seats, sent 75 days before renewal
- Owed
- $432,000
- Billed
- $576,000
Subject to review. Nothing recovered yet.
See the calculation
$576,000 billed − $432,000 owed = $144,000 difference.
- The contract allows reductions with 60 days' written notice. The vendor acknowledged notice for 900 seats 75 days before renewal.
- 900 × $480 = $432,000. The invoice charges 1,200 × $480 = $576,000.
- USD. The seat price is unchanged. No minimum seat count or existing credit changes the amount.
Illustrative. USD. Excludes taxes and other charges.