Common use of Payment Holdbacks Clause in Contracts

Payment Holdbacks. 20% will be withheld from each milestone payment for Project implementation. The total amount withheld will be paid to Provider at the completion and acceptance of the Warranty Period. Agreement Signing 0% 10% Milestone 1: Planning/Analysis/Requirements 20% 10% Milestone 2: Configure/Build/Develop 20% 20% Milestone 3: Launch Support/Cutover 20% 20% Milestone 4: DAM in Production for 60 days 20% 20% Milestone 5: Final Acceptance 20% 20% 100%

Appears in 2 contracts

Sources: Saas Agreement, Saas Agreement