Document background
The Master Invoice agreement is designed for businesses operating in Hong Kong that require a standardized framework for managing recurring invoicing relationships. This document becomes essential when parties engage in regular business transactions and need to establish consistent invoicing procedures. The Master Invoice agreement typically includes comprehensive terms covering invoice submission requirements, payment terms, dispute resolution processes, and compliance with Hong Kong tax and commercial regulations. It's particularly valuable for businesses dealing with multiple transactions or ongoing service arrangements, as it eliminates the need to negotiate invoice terms for each transaction. The agreement ensures compliance with Hong Kong's Electronic Transactions Ordinance, Business Registration Ordinance, and other relevant local laws while providing flexibility for both traditional and electronic invoicing methods.
