LOLY MAYELA TORREALBA PEREIRA - 15528XXX

Comprehensive Background check of Loly Mayela Torrealba Pereira - 15528XXX

Nationality Venezuelan
National citizen document 15528XXX
Voter Precinct 19430
Report Available

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How are payment withholding clauses handled in sales contracts in Colombia?

Payment withholding clauses may be relevant in sales contracts, especially when guarantees are needed for the fulfillment of certain obligations. In Colombia, these clauses must be clear and specific, defining the events or conditions that will justify the withholding of payments. It is essential to establish the deadlines and procedures for retention, as well as the associated consequences. Additionally, local regulations governing payment withholding should be considered to ensure clauses are valid and enforceable. Including detailed payment withholding clauses provides financial security and prevents misunderstandings in the execution of the contract.

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