Setup Charges Clause Samples
The Setup Charges clause defines the fees that a customer must pay to cover the initial costs of preparing or configuring a product or service. Typically, this clause specifies when these charges are due—often upfront or before work begins—and may outline what activities or materials the setup fee covers, such as installation, customization, or onboarding. Its core practical function is to ensure that the provider recoups initial expenses and clarifies the customer's financial obligations at the outset of the agreement.
Setup Charges. Setup charges will be specified in an Order Document.
Setup Charges. EdTec will absorb the expenses of setting up clients on our systems. However, if reconciliations due to incomplete or unorganized records require more than twenty hours of our staff time, we will charge for the additional reconciliation time at our discounted hourly consulting rate. ▪ Conversion Fee: Schools already in operation prior to commencing EdTec services will pay a $15,000 one-time fee to convert their data and records into our systems. However, if the conversion requires more than seventy- five hours of our staff time, we will charge for the additional time at our discounted hourly consulting rate. ▪ Services Prior to July 1, 2020: Without additional charge and subject to staff availability, EdTec Inc. will use reasonable efforts to provide consulting services that are within the above scope of services and that otherwise would be required by Client after July 1, 2020 (e.g. Application for Revolving Loan, budget modeling and facilities questions). Routine monthly back-office services are not included (e.g. payroll, financial statements, attendance at Board meetings and the like). ▪
Setup Charges. EdTec will absorb the expenses of setting up clients on our systems. However, if reconciliations due to incomplete or unorganized records require more than twenty hours of our staff time, we will charge for the additional reconciliation time at our discounted hourly consulting rate. ▪ Fee Increases: EdTec reserves the right to increase the fees payable under this Statement of Work by up to 5% upon the conclusion of the Initial Term and each Renewal Term. EdTec will provide written notice of a fee increase at least thirty (30) days prior to the expiration of the Initial Term or then-current Renewal Term, as applicable. ▪
Setup Charges