Common use of Reasonable Compensation Clause in Contracts

Reasonable Compensation. It is the intent of the parties that the compensation or any other remuneration pursuant to this Agreement or related Purchase Orders or statements of work are not intended to be, nor shall they be construed as, an inducement, payment or benefit of any kind for the referral of patients or business by one party to the other party or to any other third party. It is the intent of the parties that no compensation or remuneration of any kind be paid under this Agreement to encourage, and that no terms of this Agreement require, referral of federal or state healthcare reimbursement program patients or the purchase of items, goods or services payable by any federal or state healthcare reimbursement program. The parties agree that the terms of this Agreement have been negotiated at arm’s length and reflect commercially reasonable terms and fair market value compensation.

Appears in 2 contracts

Samples: Unc Health Care System Purchase Order Terms And, Unc Health Care System Purchase Order Terms And

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Reasonable Compensation. It is the intent of the parties that the compensation or any other remuneration pursuant to this Agreement or related Purchase Orders purchase orders or statements of work are not intended to be, nor shall they be construed as, an inducement, payment or benefit of any kind for the referral of patients or business by one party to the other party or to any other third party. It is the intent of the parties that no compensation or remuneration of any kind be paid under this Agreement to encourage, and that no terms of this Agreement require, referral of federal or state healthcare reimbursement program patients or the purchase of items, goods or services payable by any federal or state healthcare reimbursement program. The parties agree that the terms of this Agreement have been negotiated at arm’s length and reflect commercially reasonable terms and fair market value compensation.

Appears in 2 contracts

Samples: Purchase Order Terms And, Purchase Order Terms And

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