Common use of Payment for Professional Services Clause in Contracts

Payment for Professional Services. In consideration for the performance of the Radiology Services set forth in Article 1, Practice agrees to pay VRP for Radiology Services provided during the period January 1, 2007 through December 31, 2007 a Diagnostic Compensation Fee (“DCF”) of $[INFORMATION SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per transaction. Practice shall pay VRP for Radiology Services provided during all periods after December 31, 2007 a DCF equal to [INFORMATION SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT]% of total charges that the Practice bills to physician groups and other customers. The DCF may be adjusted annually upon mutual agreement of the parties. The Practice and VRP agree that the fees set forth in this Article 3 have been established with consideration for the Practice’s engagement of VRP to provide Radiology Services as well as the substantial commitment and effort made by VRP, and that such fees have been negotiated at arms length and are fair, reasonable, and consistent with fair market value.