Common use of Research Fee Clause in Contracts

Research Fee. As consideration for the performance by Mines of its obligations under this Agreement, Sponsor shall pay Mines a total of [Insert Total Budget] U.S. Dollars (US $[Numerical total budget]), including direct and indirect costs as outlined in Attachment B. Sponsor understands and agrees that Mines may realign the budget to meet unanticipated requirements or to accomplish certain programmatic changes, provided that all costs charged are allowable and reasonable. Invoices and Payment. An initial payment of fifty percent (50%) of the Research Fee is due and payable within thirty (30) days of the Execution Date. Subsequently, forty percent (40%) of the Research Fee is due and payable ________ months from the Execution Date, within thirty (30) days of Sponsor’s receipt of invoice from Mines. The remaining balance of the Research Fee is due and payable within thirty (30) days of the Completion Date, regardless of whether a no-cost extension to this Agreement is granted. Mines shall send invoices for payment to Sponsor at the following address: [Sponsor’s payment address]. Sponsor shall pay each invoice within thirty (30) days of the date of the invoice. All payments to Mines under this Agreement shall be made by check or wire transfer in accordance with the payment instructions provided with each invoice. For purposes of identification, each wire or check payment must refer to the Research Project title, invoice number, and the name of the Mines principal investigator. If Sponsor does not pay each invoice within 30 days of the date of the invoice, Mines shall have the right to stop all work on the Research Project otherwise required by this Agreement.

Research Fee. As consideration for the performance by Mines of its obligations under this Agreement, Sponsor shall pay Mines a total of [Insert Total Budget] U.S. Dollars (US $[Numerical total budget]), including direct and indirect costs as outlined in Attachment B. B (“Research Fee”). Sponsor understands and agrees that Mines may realign the budget to meet unanticipated requirements or to accomplish certain programmatic changes, provided that all costs charged are allowable and reasonable. Invoices and Payment. An initial payment of fifty percent (50%) of the Research Fee is due and payable within thirty (30) days of the Execution Date. Subsequently, forty percent (40%) of the Research Fee is due and payable ________ months from the Execution Date, within thirty (30) days of Sponsor’s receipt of invoice from Mines. The remaining balance of the Research Fee is due and payable within thirty (30) days of the Completion Date, regardless of whether a no-cost extension to this Agreement is granted. Mines shall send invoices for payment to Sponsor at the following address: [Sponsor’s payment address]. Sponsor shall pay each invoice within thirty (30) days of the date of the invoice. All payments to Mines under this Agreement shall be made by check or wire transfer in accordance with the payment instructions provided with each invoice. For purposes of identification, each wire or check payment must refer to the Research Project title, invoice number, and the name of the Mines principal investigator. If Sponsor does not pay each an invoice within 30 days of the date of the invoice, Mines shall have the right to stop all work on the Research Project otherwise required by this Agreement.