Common use of Cost and Payment Clause in Contracts

Cost and Payment. A. As consideration for performance under the terms of this Agreement, Sponsor shall pay the Institution a total in accordance with the attached budget (Exhibit A). Invoices shall be sent to: [Sponsor address for invoicing] All costs outlined on the budget shall remain firm for the duration of the Study, except that Sponsor will reimburse Institution for cost increases due to Protocol amendments and Sponsor written instructions. Sponsor will provide for payment for such increased costs in an amendment to this Agreement. If not budgeted, a one-time clinical trial IRB review fee, and, if applicable, fees for continuing IRB reviews will be invoiced.

Appears in 4 contracts

Samples: Penn Standard Clinical Trial Agreement, Penn Standard Clinical Trial Agreement, www.upenn.edu

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