Common use of Term and Fee Clause in Contracts

Term and Fee. The initial term of this Agreement will begin on receipt of order (renewal date) and will continue for twelve (12) consecutive months at the fee(s) noted in the MarshallGIS Quote. Services delivery and/or annual software maintenance will renew automatically based on the MarshallGIS quote provided 90 days prior to the renewal date, or previously agreed upon multi-year Quote. Payment is due annually in advance. If Licensee wishes to reinstate lapsed services delivery or software maintenance, Licensee agrees to pay a reinstatement fee as well as the annual service delivery or maintenance fee. Licensee agrees to pay MarshallGIS invoices before renewal date. To reinstate lapsed services delivery and/or maintenance, fees from the date maintenance and/or services delivery lapsed, in addition to the current fees, must be paid. All fees are nonrefundable.