Common use of Consulting and Services Fees Clause in Contracts

Consulting and Services Fees. 2.1 Unless otherwise agreed by the both Parties, Party B shall pay to Party A the Consulting and Services Fees annually during the term of this Agreement. The Consulting and Services Fees equal to Party B's net profits of every year, as being defined as the revenues of the year after deduction of operating costs, selling expenses, general and administration expenses, interests expenses and taxes. If one year's net profit is zero, Party B's payment for the Consulting and Services Fees in that year is zero; if Party B suffers losses in one year, all such losses will be carried over to the successive year and deducted from the successive year's Consulting and Services Fees. Party B shall pay the Consulting and Services Fees based on the yearly financial statements. Party B shall make the yearly payment within 30 days after the issuance of the financial statements to Party A. The Consulting and Services Fees shall be paid in RMB deposited by Party B to the bank account designated by Party A, and Party A should issue legal invoice to Party B.

Consulting and Services Fees. 2.1 2.1.(a) Unless otherwise agreed by the both Parties, Party B shall pay to Party A the Consulting and Services Fees annually during the term of this Agreement. The Consulting and Services Fees equal to Party B's net profits of every year, as being defined as the revenues of the year after deduction of operating costs, selling expenses, general and administration expenses, interests expenses and taxes. If one year's net profit is zero, Party B's payment for the Consulting and Services Fees in that year is zero; if Party B suffers losses in one year, all such losses will be carried over to the successive year and deducted from the successive year's Consulting and Services Fees. Party B shall pay the Consulting and Services Fees based on the yearly financial statements. Party B shall make the yearly payment within 30 days after the issuance of the financial statements to Party A. The Consulting and Services Fees shall be paid in RMB deposited by Party B to the bank account designated by Party A, and Party A should issue legal invoice to Party B.