Common use of Retained Contracts Clause in Contracts

Retained Contracts. 7.1 The Council shall remain the contracting party to the Retained Contracts set out in Schedule 2 (Retained Contracts). 7.2 The Parties acknowledge that the Trust will continue to benefit from the Retained Contracts. 7.3 The Council shall apportion a percentage of the annual cost of the Retained Contract to the Trust. The apportionment of costs shall be based on the Trust’s use and/or benefit of the Retained Contracts. Any dispute relating to the amount of the apportionment shall be referred to the Dispute Procedure. 7.4 The costs of the Retained Contracts shall be dealt with by an adjustment to the Service Fee payable by the Council to the Trust or, if otherwise agreed between the Parties, a direct payment by the Trust to the Council. The costs shall be subject to VAT. 7.5 In the event that the Trust is making a direct payment to the Council for the costs of these Retained Contracts, the Council shall specify the payment terms and the Trust shall comply with any such payment terms. 7.6 The parties shall review the Retained Contracts generally as part of the Annual Service Plan Review Process to ensure that the Retained Contracts continue to represent value for money for both parties.

Retained Contracts. 7.1 The Council shall remain the contracting party to the Retained Contracts set out in Schedule 2 (Retained Contracts). 7.2 The Parties acknowledge that the Trust will continue to benefit from the Retained Contracts. 7.3 The Council shall apportion a percentage of the annual cost of the Retained Contract to the Trust. The apportionment of costs shall be based on the Trust’s use and/or benefit of the Retained Contracts. Any dispute relating to the amount of the apportionment shall be referred to the Dispute Procedure. 7.4 The costs of the Retained Contracts shall be dealt with by an adjustment to the Service Fee payable by the Council to the Trust or, if otherwise agreed between the Parties, a direct payment by the Trust to the Council. The costs shall be subject to VAT. 7.5 In the event that the Trust is making a direct payment to the Council for the costs of these Retained Contracts, the Council shall specify the payment terms and the Trust shall comply with any such payment terms. 7.6 The parties shall review the Retained Contracts generally as part of the Annual Service Delivery Plan Review Process to ensure that the Retained Contracts continue to represent value for money for both parties.