PAYMENT AMOUNT (PARTY-1 BUYS) (COMPREHENSIVE)

This payment amount clause (free to save and download) covers fees when you are the customer, and explains the payment amount, payment schedule, conditions, affiliate pricing, most favored customer status, early payment discount, and expense reimbursement for the payment amount.

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3 Fee (Affiliates, Most Favored Customer Status, Assumptions and Fee Increases)

FEE - CONDITIONS (Party-1 Buys) - Do any assumptions, affiliate pricing, or most favored customer status conditions apply to the fee?

Affiliate Pricing - Party-1's affiliates pay the same fees that Party-1 pays under this Agreement.

If any affiliate of Party-1 gives notice to Party-2 of an offer to make a purchase from Party-2 under the same fees, terms and conditions stated in this Agreement, then Party-2 agrees to accept each such offer. Under this Agreement, "affiliate" means: (a) any entity controlled by a party to this Agreement; or (b) any entity which controls a party to this Agreement; or (c) any entity controlling or under control of another entity described in (a) or (b). In this definition, "control" means owning or controlling the right to vote fifty one percent (51%) or more of the voting stock or voting equity interests of an entity.

Most favored customer status.

	Overall deal. Party-2 represents that all terms and conditions Party-2 grants to Party-1 under the Agreement are at least as favorable as those Party-2 offers to any of its other customers. If Party-2 contracts with any other customer and provides materially more favorable terms or conditions than are contained in this Agreement, Party-2 agrees to so notify Party-1 in writing within ten (10) days and to offer Party-1 those materially more favorable terms and conditions under the same terms and conditions offered to the other customer.
	Overall deal for similar sales at similar volume levels. Party-2 represents that all terms and conditions Party-2 grants to Party-1 under the Agreement are at least as favorable as those Party-2 offers to any of its other customers for similar sales at similar volume levels. If Party-2 contracts with any other customer and provides materially more favorable terms or conditions for similar sales at similar volume levels than are contained in this Agreement, Party-2 agrees to so notify Party-1 in writing within ten (10) days and to offer Party-1 those materially more favorable terms and conditions under the same terms and conditions offered to the other customer.
	Overall pricing. Party-2 represents that all fees Party-2 charges Party-1 under the Agreement are at least as favorable as those Party-2 offers to any of its other customers. If Party-2 contracts with any other customer and provides materially more favorable fees than are contained in this Agreement, Party-2 agrees to so notify Party-1 in writing within ten (10) days and to offer Party-1 those materially more favorable fees under the same terms and conditions offered to the other customer.
	Overall pricing for similar sales at similar volume levels. Party-2 represents that all fees Party-2 charges Party-1 under the Agreement are at least as favorable as those Party-2 offers to any of its other customers for similar sales at similar volume levels. If Party-2 contracts with any other customer and provides materially more favorable fees for similar sales at similar volume levels than are contained in this Agreement, Party-2 agrees to so notify Party-1 in writing within ten (10) days and to offer Party-1 those materially more favorable fees under the same terms and conditions offered to the other customer.

Assumptions and Fee Increases.

	Does Party-1 have to do anything in advance so that Party-2 can meet the deadline? As a condition precedent to Party-2 charging the fees stated in this Agreement, Party-1 shall meet the following requirements: What must Party-1 do?
	Fee increases due to Party-1 not meeting the above requirements. If Party-1 fails to meet these requirements, and this failure causes Party-2 to incur additional documented hours to perform under this Agreement, then Party-2 may charge Party-1 for these additional hours as follows: What are the fee increases?

4 Fee (Early Payment Discount)

FEE - EARLY PAYMENT DISCOUNT (Party-1 Buys) - Does Party-1 receive an early payment discount for early payments?

10 days, 2% discount.

If Party-1 pays within ten (10) days of the date of Party-1's receipt of an invoice, then Party-2 will deduct from the next invoice a credit equal to two percent (2%) of the invoiced amount.

15 days, 2% discount.

If Party-1 pays within fifteen (15) days of the date of Party-1's receipt of an invoice, then Party-2 will deduct from the next invoice a credit equal to two percent (2%) of the invoiced amount.

I will specify the days and discount.

If Party-1 pays within

To earn the discount, customer must pay the fee within how many days?

days of the date of Party-1's receipt of an invoice, then Party-2 will deduct from the next invoice a credit equal to the following percentage of the invoiced amount:

What is the discount percentage?

No discount for early payment.

5 Expenses (Party-1 Reimburses)

EXPENSES (Party-1 Reimburses) - Will Party-1 reimburse Party-2's expenses?

	Yes. Party-1 agrees to reimburse Party-2 for travel, materials and supplies and other reasonable out-of-pocket expenses incurred under this Agreement if: (a) Party-1 pre-approves the expenses in writing; and (b) Party-2 Personnel submit receipts and other appropriate documentation substantiating the expenses, including an itemized expense statement included with Party-2's invoice.
	No.

A fee in this context can take many forms, including a flat fee, the total of the hours/days incurred times the hourly/daily rates, a guaranteed maximum fee, a per Service/Deliverable fee, a per milestone fee, or other arrangement.

"Payment Schedule" means when the vendor will bill the customer. The customer may prefer not to be billed until after acceptance, which is a legal concept that gives the customer a short testing period after receiving goods or services to determine whether or not they are satisfactory. The vendor instead prefers to invoice the customer upon receipt of goods or services, so that the vendor can recognize its revenue sooner.

"Affiliates" means a party's parent, subsidiary, or related business associations that, in future purchases, could receive the same pricing under this contract, and "Most Favored Customer Status" means that a customer is receiving a deal from a vendor which is just as good or better than any other deal the vendor has with any other customer, and "Assumptions" means requirements a customer must meet or the vendor will have to perform extra work and as a result will need to increase the fees.

A vendor may offer a discount off the invoice if the invoice is paid early so the vendor has its money sooner.

Expenses incurred by a vendor are sometimes reimbursed by a customer, and this cost is over and above the fees under the Agreement.

FEES. Except as expressly stated in this Agreement, there are no additional fees, charges or expenses incurred. In consideration for Party-2 performing all obligations under this Agreement, Party-1 agrees to pay Party-2 a flat fee of: [QR-53] [QR-56] If any affiliate of Party-1 gives notice to Party-2 of an offer to make a purchase from Party-2 under the same fees, terms and conditions stated in this Agreement, then Party-2 agrees to accept each such offer. Under this Agreement, "affiliate" means: (a) any corporation or business entity of which fifty one percent (51%) or more of the voting stock or voting equity interests are owned directly or indirectly by a party to this Agreement; or (b) any corporation or business entity which directly or indirectly owns fifty one percent (51%) or more of the voting stock or voting equity interests of such party; or (c) any corporation or business entity directly or indirectly controlling or under control of a corporation or business entity described in (a) or (b). [QR-55] If Party-1 pays within ten (10) days of the date of Party-1's receipt of an invoice, then Party-2 will deduct from the next invoice a credit equal to two percent (2%) of the invoiced amount. [QR-113] [QR-59]