MAINTENANCE FEES (PARTY-1 SELLS)This maintenance fees clause (free to save and download) covers maintenance services when you are the seller, and explains the fee amount, timing of annual increases, and suspension and re-initiation of maintenance services for maintenance fees. |
MAINTENANCE SERVICES FEE. The annual Maintenance Services fee is: TEXTFIELD [QR-127] Party-1 may invoice Party-2 for the Maintenance Services fee annually and in advance on the first day of each Contract Year. If Party-2 does not timely pay the Maintenance Services fee, then Party-1 may suspend performance of the Maintenance Services until Party-2 does so, in which case Party-2 must pay the entire Maintenance Services fee for the entire time the Maintenance Services were suspended, plus any additional fee due for the rest of the Contract Year and any subsequent Contract Year. The Maintenance Services fee may not be increased during any particular Contract Year, but Party-1 may increase the Maintenance Services fee for any subsequent Contract Year.