Common use of Calculation and Payment of Fees Clause in Contracts

Calculation and Payment of Fees. 1. The Parties agree that Party B shall pay on a quarterly basis the fees for the technology development, consultation and technical services hereunder (hereinafter referred to as “Service Fees”) as determined by the Parties based on the actual service provided. Service Fees shall be the balance of Party B’s total incomes less total costs, the specific amount of which, however, may be determined by the Parties through negotiation. Party B shall furnish Party A with the administrative statements and business data including Party B’s net incomes in the current quarter within the last thirty (30) days of each quarter.

Calculation and Payment of Fees. 15. The Parties agree that Party B shall pay on a quarterly basis the fees for the technology development, consultation and technical services hereunder (hereinafter referred to as “Service Fees”) as determined by the Parties based on the actual service provided. Service Fees shall be the balance of Party B’s total incomes less total costs, the specific amount of which, however, may be determined by the Parties through negotiation. Party B shall furnish Party A with the administrative statements and business data including Party B’s net incomes in the current quarter within the last thirty (30) days of each quarter.