Common use of Discount and Fees Clause in Contracts

Discount and Fees. It is agreed that the fees and commissions charged under this contract shall be as stated in the Electronic Payment Service Application Form. The Bank shall have the right to amend such amounts of fees and commissions provided that the Merchant (Customer) is so notified in writing not less than one month prior to the date of such amendment. The Merchant (Customer) acknowledges that it is aware of and fully understands all the terms and conditions set forth in this contract and further acknowledges its agreement thereon. In witness thereof, both parties executed this Agreement by their authorized representatives who have the authority to commit the party they represent.