Common use of Service Retainer/Deposit Clause in Contracts

Service Retainer/Deposit. The Client will be required to pay a service retainer/deposit equivalent to one month of the monthly office fee (plus Tax where applicable) upon entering into this agreement unless a different amount is specified on the front of this agreement. This will be held by the Provider without generating interest as security for performance of all the Client’s obligations under this agreement. The service retainer/deposit or any balance will be returned to the Client when the Client has settled its account which includes deducting outstanding fees and other costs due to the Provider.

Appears in 7 contracts

Samples: Service Agreement, Service Agreement, Service Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.