Common use of TERMS AND CONDITIONS OF PAYMENT AND FINANCIAL GUARANTEE Clause in Contracts

TERMS AND CONDITIONS OF PAYMENT AND FINANCIAL GUARANTEE. 4.1 The Contract Price is due and payable in accordance to the Agreement upon completion of the invoicing milestones and payment terms set forth in the Agreement. For the avoidance of any doubt, the Contract Price shall be inclusive of all costs imposed by compliance with legal and contractual obligations regarding the occupational safety and security, as well as all costs and resources as necessary to comply with the Scope of the Agreement. In no event shall Company be obliged to pay the Contractor for services not rendered. The Company has no obligation to pay the Contractor more than the amounts set forth herein, and shall have no obligation to pay any other compensation for any expenses incurred by the Contractor or any party. Upon completion of the Scope of the Agreement, the Contractor shall not perform any other services under this Agreement without the Company’s written authorization by means of a Change Order. It is specified that the Contract Price is fixed and firm during the term of the Agreement and that, as a consequence, it shall not be revised.

Appears in 4 contracts

Samples: Contract Agreement, Contract Agreement, Contract Agreement

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