Deposits and Fees Payable Clause Samples
The 'Deposits and Fees Payable' clause outlines the financial obligations of one party to pay certain amounts, such as deposits or service fees, to the other party under the agreement. Typically, this clause specifies when these payments are due, the acceptable methods of payment, and any conditions for refunding deposits, such as upon completion of services or termination of the contract. Its core function is to ensure both parties are clear about payment expectations, reducing the risk of disputes over financial transactions during the course of the agreement.
Deposits and Fees Payable. (1) $1,000 Application Fee (credited against Initial Franchise Fee)
(2) $75,000 Initial Franchise Fee
(3) Monthly Royalty Fee equal to 3.5% of Gross Sales plus $.0035 per gallon of Fuel Sales
(4) $50,000 Initial Training Fee
(5) Up to $10,000 for grand opening advertisement plus a Monthly Advertising Fee of up to .25% of all gross sales for the preceding Calendar Month
Deposits and Fees Payable. (1) $1,000 Application Fee
Deposits and Fees Payable. (1) $1,000 Application Fee (2) $75,000 Initial Franchise Fee