Common use of Security Fee Clause in Contracts

Security Fee. The Freelancer will pay to Client a fee termed as “Security Fee” which is a once-off payment to ensure security of information/data given to Freelancer by Client. The fee will be paid by Freelancer before job will be issued to freelancer. The fee shall be refunded back to Freelancer after the project has been completed. The Security Fee as stated herewith is to ensure Freelancer completes the job within the scheduled time and also for data security.