Flat-Fee Compensation Clause Samples
The Flat-Fee Compensation clause establishes that payment for services or deliverables will be made as a single, predetermined amount rather than based on hourly rates or variable costs. Typically, this clause specifies the total fee, the scope of work covered, and the payment schedule, such as requiring full payment upfront or in installments tied to project milestones. By setting a fixed price, this clause provides cost certainty for both parties and helps prevent disputes over billing, ensuring clarity and predictability in the financial terms of the agreement.
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Flat-Fee Compensation. It is further recognized that there are other forms of employment that, at the sole discretion of the University, may be offered to or requested of a FTNTT Faculty member during the intersession or summer period(s) which are not necessarily related to academic year or summer session instructional responsibilities and compensation-base. These include, but are not limited to, assumption of responsibilities which are essentially administrative or supervisory in nature; special assignments not related to summer instructional responsibilities in areas such as academic advising, student recruitment/retention, and outreach activities; appointments/awards designed to ▇▇▇▇▇▇ research, professional development, or teaching/curricular development in lieu of summer instructional appointment; and the offering of non-credit workshops. In any case in which the University offers to or requests such employment of a FTNTT Faculty member during the intersession or summer period(s), such duties will be compensated on a flat-fee basis mutually agreed to in writing prior to commencement of the employment.