Common use of Cancelation Fee Clause in Contracts

Cancelation Fee. Given the nature of the Services, Company acknowledges that Rev. 1 will be making a substantial initial investment of time, effort and funds in order to begin to provide the Services and attempt to develop the Product. Some of these costs are amortized by Rev. 1 throughout the entire term of this Agreement. If Company terminates this Agreement before the end of the term, Company will pay in full for all services & expenses not yet paid and will then also forfeit the remaining Deposit held by Rev. 1. If Rev.1 terminates this agreement, after payment is made by Company for all outstanding balances, Rev.1 will refund the remaining Deposit, if any.