Common use of Consideration and Compensation Clause in Contracts

Consideration and Compensation. In full consideration of Subcontractor's satisfactory performance of the Work, Contractor agrees to pay Subcontractor in accordance with the terms established in the Compensation section at the beginning of this Agreement subject to any limitations or conditions contained herein. Unless amended in writing and signed by the Parties, Contractor is not obligated to pay any amount in excess of the stated Compensation. Unless expressly stated, the Compensation agreed upon herein includes all sales and use taxes, franchise, excise, and other taxes and governmental impositions of all kinds, and is not subject to an addition for any such taxes or impositions assessed. When applicable, Subcontractor shall notify Contractor in writing when the cost incurred under Cost Reimbursement, Fixed Unit Rate or Time and Materials tasks have reached 75% of the total Compensation, or earlier if Subcontractor has reason to believe that the costs it has incurred and expects to incur will exceed the amount authorized.

Consideration and Compensation. In full consideration of Subcontractor's satisfactory performance of the Work, Contractor agrees to pay Subcontractor in accordance with the terms established in the Compensation section at the beginning of this Agreement Agreement, subject to any limitations or conditions contained herein. Unless amended in writing and signed by the Parties, Contractor is not obligated to pay any amount in excess of the stated Compensation. Unless expressly stated, the Compensation agreed upon herein includes all sales and use taxes, franchise, excise, and other taxes and governmental impositions of all kinds, and is not subject to an addition for any such taxes or impositions assessed. When applicable, Subcontractor shall notify Contractor in writing when the cost incurred under Cost Reimbursement, Fixed Unit Rate Reimbursement or Time and Materials tasks have reached 75% of the total Compensation, or earlier if Subcontractor has reason to believe that the costs it has incurred and expects to incur will exceed the amount authorized.