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Licensee may terminate this Agreement effective as of the date of the Fee increase upon providing written notice to NCIT within 30 days of receipt of the notice of Fee increase.", "size": 13, "hash": "4d3aab8299eb4bc2157cf3e9c11ca486", "id": 8}, {"snippet_links": [{"key": "date-of-the-agreement", "type": "definition", "offset": [20, 41]}, {"key": "base-fees", "type": "clause", "offset": [69, 78]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [113, 133]}, {"key": "prior-calendar-year", "type": "definition", "offset": [168, 187]}, {"key": "consumer-price-index-for-all-urban-consumers", "type": "clause", "offset": [195, 239]}, {"key": "all-items", "type": "definition", "offset": [242, 251]}], "samples": [{"hash": "84BCAghi2M9", "uri": "/contracts/84BCAghi2M9#fee-increases", "label": "Master Services Agreement (AOG Institutional Diversified Fund)", "score": 31.4736480713, "published": true}, {"hash": "6RvWeWsh5Pb", "uri": "/contracts/6RvWeWsh5Pb#fee-increases", "label": "Master Services Agreement (AOG Institutional Diversified Master Fund)", "score": 30.956193924, "published": true}], "snippet": "On each anniversary date of the Agreement, Ultimus will increase the base fees listed in Section 1.1 above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally adjusted)1 plus 1.5%.", "size": 24, "hash": "f4d29353d5bc8305090b0d6a95772a1b", "id": 6}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZmZWUtaW5jcmVhc2VzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Fee Increases", "children": [["holdover-rates", "Holdover Rates"], ["third-party-fee-increases", "Third Party Fee Increases"], ["netdepot-fee-increases", "NETdepot Fee Increases"], ["", ""], ["confidential-information", "Confidential Information"]], "parents": [["general-provisions", "General Provisions"], ["severability", "Severability"], ["fees", "Fees"], ["fees-and-payment", "Fees and Payment"], ["tax-matters", "Tax Matters"]], "size": 916, "id": "fee-increases", "related": [["step-increases", "Step Increases", "Step Increases"], ["wage-increases", "Wage Increases", "Wage Increases"], ["rate-increases", "Rate Increases", "Rate Increases"], ["price-increases", "Price Increases", "Price Increases"], ["annual-increases", "Annual Increases", "Annual Increases"]], "related_snippets": [], "updated": "2026-08-02T06:13:56+00:00", "also_ask": ["What mechanisms best limit arbitrary or excessive fee increases?", "How can parties negotiate caps or notice periods for fee adjustments?", "What drafting language ensures transparency and predictability in fee changes?", "How do courts assess the reasonableness and enforceability of fee increase clauses?", "How do fee increase provisions in this contract compare to industry standards or statutory limits?"], "drafting_tip": "Specify the conditions and frequency for fee increases to prevent disputes; require advance written notice to ensure transparency; cap increases to protect parties from excessive charges.", "explanation": "The Fee Increases clause defines the conditions under which the fees charged under an agreement may be raised during the contract term. Typically, this clause outlines the process for notifying the other party of a proposed increase, any limitations on the frequency or amount of such increases, and may specify factors like inflation or changes in service scope that justify adjustments. Its core practical function is to provide a transparent mechanism for adjusting fees, ensuring both parties are aware of potential cost changes and can plan accordingly, thereby reducing disputes over unexpected charges."}, "json": true, "cursor": ""}}