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Soheil1 Posted 11 years ago
Vocabulary

Payable

Hi
What's the difference between

[....is] payable withing 30 days days of the date of the publisher’s signature
and

Should payment be in arrears by six months after the date first mentioned in [..] hereof, all rights herein conveyed shall automatically revert to the Proprietors
?Thanks in advance
  

Top answer

There is no similarity between the two. Have you looked up the meanings of 'payable' and 'in arrears'?

— Fivejedjon

  • There is no similarity between the two.
  • Have you looked up the meanings of 'payable' and 'in arrears'?
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8 Answers
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There is no similarity between the two. Have you looked up the meanings of 'payable' and 'in arrears'?
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Yes, but the results are the same. In both you had to pay but didn't, as far as I underswtood, right?
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soheil1Yes, but the results are the same. In both you had to pay but didn't, as far as I underswtood, right?
No. The first simply says that the money must be paid with a certain time. There is nothing about non-payment.
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is payable = must be paid (at some future time; if not, it will be in arrears)
is in arrears = is late (was not paid when it was payable)

CJ
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Then why does he first give me 30 days and then says that if it is longer than six months in arrears, the rights will be reversed?
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soheil1Then why does he first give me 30 days and then says that if it is longer than six months in arrears, the rights will be reversed?
Apparently those are the terms of the agreement. You'll have to ask him why he set up the agreement that way.

Do you understand that he wants you to pay in 30 days, and if you don't, he starts counting months, and
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soheil1Yes
Then all is clear as far as the language is concerned.
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