Architectts Fees Clause Samples

Architectts Fees. The Architect shall be paid a reasonable fee for any services rendered under this Agreement and shall be reimbursed for reasonable and necessary expenses incurred in connection with such services, and each Owner involved in the work shall pay its equitable share ofsuch fees. In this regard, in any instance when the Architect shall, in accordance with any ofthe provisions ofthis Agreement, render services in connection with the preparation of plans and specifications or the supervision ofrepair, restoration or demolition ofthe Property or any part thereof, the fees and expenses ofthe Architect shall be considered as costs and expenses ofsuch repair, restoration or demolition, as the case may be, and shall be paid in the same manner as other costs and expenses of repair, restoration and demolition under the provisions of this Agreement pursuant to which the Architect is perfonning such services. If any Owner shall fail to pay its allocable share of any fees or expenses of the Architect within ten (10) days after receipt of any invoice from the Architect, then any other Owner may pay such share and the Owner failing to pay shall, within ten (l0) days after written demand for reimbursement, reimburse the other Owner for any such payment.