Common use of The Fee Clause in Contracts

The Fee. 2.1 The Parties shall set out the amount of the consideration payable for the works/services in the Agreement. . The Fee shall be a fixed lump sum or price formed from fixed unit price and actual quantity which may not be changed during the term of the Agreement, including the term of any extra work. 2.2 Parties shall determine a payment schedule (partial invoices, final invoices) in the Agreement. Partner shall submit a partial or final invoice upon a performance certificate, on an amount approved therein. Customer may set the approval of the works/services by its own customer as an additional condition to submitting any invoice. 2.3 By signing the Agreement, Partner shall declare that, it carefully checked the documents constituting inseparable parts of the Agreement and other documents placed at its disposal by the Customer with the necessary and appropriate professional competence and it is aware of the facts and provisions set out in these documents. Partner - based on its experience - determined the fee by considering this above referred information and being acquainted with the location of performance. Partner was able to determine the tasks necessary for performing the subject of this Agreement in terms of appearance and quality conforming to first class quality requirements and conditions which make undisturbed use possible and it considered all technical and demand level-related uncertainties.