Common use of The Fee Clause in Contracts

The Fee. 8.1 In consideration of the Project Manager performing the Basic Services, the Employer hereby agrees to pay the Project Manager the Basic Fee in the sum of [xx] per month, which is a fixed fee and full remuneration for the full and proper performance by the Project Manager of the Basic Services regardless of the number of Minor Project Works being managed by the Project Manager at any one time as long as this Agreement is in force. [OPTION TO INCREASE BASIC FEE: In the event that this Agreement is renewed in accordance with clause 2.3 above after the expiry of the Agreement Period, the Project Manager shall be entitled to a revised Basic Fee in the sum of [xx] per month for the period in which this Agreement is renewed.]