PSOF definition
Examples of PSOF in a sentence
Deliverables and Services are deemed accepted upon delivery unless otherwise set forth in a PSOF.
For engagements with a time and materials billing schedule, invoices will be issued monthly in arrears as Services are performed, based on the hourly or daily rate set forth in the PSOF or other executed order document.
Unless otherwise stated in the PSOF, Services will be performed and billed in contiguous eight (8) hour increments.
Client has not been induced to enter into this Agreement or the PSOF by any representations or promises not specifically stated herein.
Should any Minimum Hours not be performed within ninety (90) days of the effective date of the PSOF due to delay, unavailability, or other reason within Client’s control, Client will promptly pay the fees for such Minimum Hours upon receipt of an invoice by PBSI, which will then be credited against the balance of fees due for completed Services as they are performed.
Client will pay PBSI for all Services performed prior to the date of termination plus any additional fees that may be due under the PSOF, including the fees for the balance of any unused Minimum Hours (as applicable).
By submitting a PSOF under this Agreement, Client Affiliate is deemed to agree to be bound by the terms of this Agreement.
If a minimum number of hours are indicated on the PSOF (“Minimum Hours”), Client will pay for and permit PBSI to perform the indicated number of Minimum Hours.
Unless otherwise set out in the PSOF or as agreed to by the parties, PBSI will commence performance of the Services fifteen (15) business days following execution of the PSOF and the Services will be performed at PBSI’s offices.
Each PSOF will be effective as of the effective date of the PSOF and will remain in effect until the Services are completed, or the termination date set out in the PSOF (the “Termination Date”), whichever is later.