Common use of Reasonable Value Clause in Contracts

Reasonable Value. Payment of the Management Fee is not intended to be and shall not be interpreted or applied as permitting Retail Business Manager to share in the Practice’s fees for Professional Eye Care Services and Optical Services or any other services, but is acknowledged as the Parties’ negotiated agreement as to the reasonable fair market value of Retail Business Manager’s commitment to pay all Dispensary Expenses and the fair market value of the equipment, contract analysis and support, other support services, purchasing, personnel, management, administration, strategic management and other items and services furnished by Retail Business Manager pursuant to the Retail Business Management Agreement, considering the nature and volume of the services required and the risks assumed by Retail Business Manager. The Practice and Retail Business Manager recognize and acknowledge that Retail Business Manager will incur substantial costs and business risks in undertaking to pay all Dispensary Expenses and in providing the support services, personnel, marketing, management, administration, and other items and services that are the subject matter of this Retail Business Management Agreement. It is the intent of the Parties that the Management Fee reasonably compensate Retail Business Manager for the value to the Practice of Retail Business Manager’s administrative expertise, given the considerable business risk to Retail Business Manager in providing the Management Services that are the subject of this Retail Business Management Agreement.

Reasonable Value. Payment of the Management Fee is not intended to be and shall not be interpreted or applied as permitting Retail Business Manager to share in the Practice’s 's fees for Professional Eye Care Services and Optical Services or any other services, but is acknowledged as the Parties’ ' negotiated agreement as to the reasonable fair market value of Retail Business Manager’s 's commitment to pay all Dispensary Expenses and the fair market value of the equipment, contract analysis and support, other support services, purchasing, personnel, management, administration, strategic management and other items and services furnished by Retail Business Manager pursuant to the Retail Business Management Agreement, considering the nature and volume of the services required and the risks assumed by Retail Business Manager. The Practice and Retail Business Manager recognize and acknowledge that Retail Business Manager will incur substantial costs and business risks in undertaking to pay all Dispensary Expenses and in providing the support services, personnel, marketing, management, administration, and other items and services that are the subject matter of this Retail Business Management Agreement. It is the intent of the Parties that the Management Fee reasonably compensate Retail Business Manager for the value to the Practice of Retail Business Manager’s 's administrative expertise, given the considerable business risk to Retail Business Manager in providing the Management Services that are the subject of this Retail Business Management Agreement.