Common use of Agent Expenses Clause in Contracts

Agent Expenses. Agent shall be responsible for the payment of all fees and expense related to the development and maintenance of its business in the Territory, including without limitation, the following: (i) All fees and expenses to incorporate operating entities; (ii) All fees and expenses for obtaining business licenses and permits; (iii) All fees and expenses related to locating and establishing office, warehouse and other physical facilities, including build out, furnishings and equipment, as well as negotiation and securing of necessary leases and permits; (iv) All fees and expenses related to hiring a general manager and staff, and compliance with local labor laws and requirements; and (v) All other fees and expenses associated with the business other than those fees and expenses expressly allocated to Principal. To the extent Principal incurs any of the foregoing fees or expenses on behalf of Agent, Agent shall promptly reimburse Principal the amount of such fees and expenses upon the receipt of an invoice from Principal.