Assembly Fee Clause Samples
The Assembly Fee clause defines the charges associated with assembling products, components, or equipment as part of a contract or service agreement. This clause typically specifies the amount to be paid for assembly services, outlines when and how the fee is to be invoiced, and may detail what is included in the assembly process, such as labor or materials. By clearly stating the costs and expectations related to assembly, this clause helps prevent disputes over additional charges and ensures both parties understand their financial obligations regarding assembly work.
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Assembly Fee. The parties acknowledge and agree that the Assembled Products will be assembled on a cost-plus basis, with a margin to be established at the time of production upon the mutual agreement of Intermeccanica and ElectraMeccanica, acting reasonably (plus all applicable taxes). Intermeccanica will invoice ElectraMeccanica for the total cost of production of a particular Assembled Product upon delivery of the Assembled Product to ElectraMeccanica and such invoice shall, subject to Section 4.5, be due and payable within 30 days after the date of such invoice (less any deposits or other instalments that may have been previously paid) regardless of the final sale of any Assembled Product to a consumer. Intermeccanica covenants to at all times use its best efforts to minimize all labour and materials costs associated with the assembly of the Assembled Products. In addition, Intermeccanica confirms and agrees that it has invested and will continue to invest in such processes and manufacturing and production infrastructure as are necessary to ensure the good quality of the Assembled Products and to ensure the timely delivery of all Assembled Products that are assembled under this Agreement.