Common use of Fee Review Clause in Contracts

Fee Review. Either party may request a review of the fees, provided that no fee will be reviewed more than once in any period of 12 consecutive months. The party seeking the review will propose to the other party a new fee level, with evidence to support that proposal. The second party may, within 2 months of receiving the proposal respond with an alternative proposal, with supporting evidence. If the parties do not agree on the proposed changes at the expiry of 4 months from the date of the initial request then:

Fee Review. Either party may request a review of the fees, provided that no fee will be reviewed more than once in any period of 12 consecutive months. The party seeking the review will propose to the other party a new fee level, with evidence to support that proposal. The second party may, within 2 months of receiving the proposal respond with an alternative proposal, with supporting evidence. If the parties do not agree on the proposed changes at the expiry of 4 months from the date of the initial request then: