Common use of Contract Fee Cap Clause in Contracts

Contract Fee Cap. The total cost of the goods/services under this Agreement will not exceed $__________ (the “Fee Cap”) without the prior written authorization of University’s Procurement Services department. University makes no promise, commitment or assurance to purchase goods/services under the Agreement from Contractor up to the value of such Fee Cap. University’s financial responsibility under this Agreement shall only be through properly issued purchase orders, and goods/ services received and approved by University under such properly issued purchase orders.

Contract Fee Cap. The total cost of the goods/services under this Agreement will not exceed $__________ $ (the “Fee Cap”) without the prior written authorization of University’s Procurement Services department. University makes no promise, commitment or assurance to purchase goods/services under the Agreement from Contractor up to the value of such Fee Cap. University’s financial responsibility under this Agreement shall only be through properly issued purchase orders, and goods/ services received and approved by University under such properly issued purchase orders.