3. Tax provisions
Unless otherwise stated, prices are deemed to exclude value-added tax (VAT). VAT will be invoiced in accordance with the applicable provisions.
Comment on this tax clause:
The specific purpose of the project management contract does not imply any special tax treatment. Consequently, the standard provisions on value-added tax are included in the standard text. This will not be the case if the Project is not carried out in a purely French context, or if it involves licenses and/or assignments of literary, artistic and industrial property rights and/or know-how.
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