Fees Payment and Reporting Clause Samples
The 'FEES, PAYMENT AND REPORTING' clause defines the obligations of the parties regarding the payment of fees, the schedule and method of payment, and the requirements for financial or progress reporting. Typically, this clause outlines when and how payments must be made, what documentation or invoices are required, and any reporting intervals or formats that must be followed. Its core function is to ensure transparency and accountability in financial transactions, reducing the risk of disputes over payments and keeping both parties informed about the status of work and compensation.
Fees Payment and Reporting. 7.1 The Fees payable under this Agreement by Reseller for the rights and licenses granted and for Training provided by StreamServe hereunder shall be calculated in accordance with the rates set out in Exhibit B attached hereto.
7.2 All payments due from Reseller to StreamServe shall be made quarterly and will be due within net forty-five (45) days of the end of each Reseller quarter. All payments will be remitted in the local currency of Existing or New Reseller Customer. Any overdue payments from Reseller shall bear interest from the due date at the rate of the lower of one and one-half percent (1.5%) per month or such lower rate as may be mandated by applicable law.
7.3 The fees specified under this Agreement do not include taxes or duties. If StreamServe is required to pay or account for any taxes, public fees, duties, deductions or withholdings then such taxes, fees, duties, deductions and withholdings shall be borne by Reseller. This clause shall not apply to taxes based on StreamServe’s profits.
7.4 Within twenty-five (25) days of the end of each Reseller quarter, commencing with the first Reseller quarter ending 28 February 2009, Reseller shall submit to StreamServe a written or electronic royalty report (“Report”) detailing the number of licenses sold to New Reseller Customers in the preceding quarter and for each New Reseller Customer the following detailed information: · Name, Address and Country · Contact(s) by name and title · Contact(s) telephone number, as available · Contact(s) e-mail address, as available · Date of Signature of the Sublicense Agreement · Details of Licensed Software delivered to New Reseller Customers pursuant to clause 5.4 above or Existing Reseller Customers (as may be applicable) · Number of named users permitted under the Sublicense Agreement · Total license Fee for the Licensed Software for both Existing and New Reseller Customers · Total license Fee due to StreamServe · Initial Support Period end date · Length of Initial Support Period (in months) from Delivery Date to ISP End Date · Total pro-rated support Fees due to StreamServe (including such Fees for Existing Reseller Customers) Upon receipt of each Report by StreamServe under this clause 7.4, StreamServe shall issue an invoice for the aggregate amount of license Fees due to StreamServe from Reseller, for payment in accordance with clause 7.2 above.
7.5 With respect to any Fees due to StreamServe for Training provided to Reseller pursuant to clauses 6.2 and 6.3 r...
Fees Payment and Reporting. 3.1. Client agrees to pay Siren the fees stated in each Order. Unless otherwise expressly set forth in this Agreement, the fees referred to in this Agreement and any Order are net dollars, without any deductions of any sort or kind including, but not limited to, advertising or media agency commissions. Unless other payment terms have been agreed by both parties and are expressly stated in the Order, fees are due fourteen (14) days prior to transmission, by bank transfer to Daily Siren Pty Ltd 014-260 (ANZ Banking Group Ltd) account number 233503653 Fees are non-refundable except as expressly stated in this Agreement.
Fees Payment and Reporting. 6.1 All payments and reporting terms shall be in accordance with Exhibit B.
6.2 Partner is solely responsible for all taxes assessed against any payments to Lenovo under this Agreement, except for taxes solely calculated on Lenovo’s income.
Fees Payment and Reporting