Common use of The Calculation and Payment of Service Fees Clause in Contracts

The Calculation and Payment of Service Fees. Both Parties agree that Party B shall pay Party A consulting service fees in the amount and on the date stipulated in the invoice. Party A shall have the right to adjust the service fee rate at any time in accordance with the quantity and content of consulting services it provides to Party B. 2.1 Party B shall pay service fees to Party A in the following manner for the services provided by Party A hereunder. 2.1.1 Service fee equivalent to a certain ratio of the balance of Party B’s current-year revenue deducting the cost recognized by Party A, which ratio shall be otherwise determined by Party A annually based on Party B’s actual profitability; and 2.1.2 Service fee otherwise agreed upon by the Parties for specific technical services provided by Party A from time to time upon Party B’s request. 2.2 Party B shall pay the service fees determined pursuant to Section 2.1 to Party A’s designated bank account in a lump sum within three (3) months following the end of each Gregorian Calendar year. 2.3 With fifteen (15) days following the end of each financial year, Party B shall provide Party A with current-year financial statements and all business records, business contracts and financial information necessary for the issuance of financial statements. If Party A disputes with the financial information provided by Party B, it may appoint an independent accountant with good reputation to audit relevant information and Party B shall cooperate.

The Calculation and Payment of Service Fees. Both Parties agree that Party B shall pay Party A consulting service fees in the amount and on the date stipulated in the invoice. Party A shall have the right to adjust the service fee rate at any time in accordance with the quantity and content of consulting services it provides to Party B. 2.1 Party B shall pay service fees to Party A in the following manner for the services provided by Party A hereunder. 2.1.1 Service fee equivalent to a certain ratio of the balance of Party B’s current-year revenue deducting the cost recognized by Party A, which ratio shall be otherwise determined by Party A annually based on Party B’s actual profitability; and 2.1.2 Service fee otherwise agreed upon by the Parties for specific technical services provided by Party A from time to time upon Party B’s request. 2.2 Party B shall pay the service fees determined pursuant to Section 2.1 to Party A’s designated bank account in a lump sum within three (3) months following the end of each Gregorian Calendar year. 2.3 With Within fifteen (15) days following the end of each financial year, Party B shall provide Party A with current-year financial statements and all business records, business contracts and financial information necessary for the issuance of financial statements. If Party A disputes with the financial information provided by Party B, it may appoint an independent accountant with good reputation to audit relevant information and Party B shall cooperate.