Common use of Fee Policy Clause in Contracts

Fee Policy. You agree to pay for the Services in accordance with the payment terms set out in the Agreement • We may invoice you for our fees as the work progresses, and not necessarily on completion of the Services, or on completion of a particular component of the Services. • If requested, Twomeys can provide you with a Fixed Price Agreement or an up-front Fixed Fee Quote for our services. • Twomeys will provide our services cost effectively to you by assigning the appropriate level team member to your work. Our Invoices contain details of the services performed. • Where due to unforeseen circumstances, the fee is, or is likely to be, greater than anticipated or expected, Twomeys will discuss the matter with you as soon as possible. • All Fees are payable 30 days from date of invoice. • If we incur any disbursements as your agent, we will charge you the GST inclusive cost of those disbursements, and provide you with sufficient information to enable you to claim an input tax credit in respect of them (if you are entitled to claim such input tax credit). • If you do not pay any of our invoices in full by the due date, we may do any one or more of the following: a) elect not to continue to provide our services to you; b) suspend work until further payment is made; c) charge Default Payment Fees on any unpaid amount. Default Payment Fees will be calculated at an annual rate of 2.5% from the date the unpaid amount is due until the date payment of the relevant amount is received by us; d) instigate legal proceedings without further notice to you. Without prejudice to the above, we may take further action to recover any outstanding amounts due to us. Any costs, fees or disbursements that we incur in the recovery of the outstanding amounts, together with any Default Payment Fees, will be added to the amount payable by and due from you. • You consent to us sending our invoices to you electronically at your usual email address specified by you.