Common use of Fees and Billing Clause in Contracts

Fees and Billing. 4.1 In exchange for the Services, the Contractor will be paid a fixed fee per month as indicated in Appendix A, or any other fee indicated in said Appendix, as applicable, for the duration of the Term (“Fees”). 4.2 Fees will be billed and paid in the currency indicated in Appendix A. 4.3 The Contractor shall invoice the Company for the Services on a monthly basis on the first of the month. The invoices shall contain a description of the Services rendered during that period. 4.4 The Company will pay the Contractor the undisputed monthly fee indicated in Appendix A following the receipt of the Contractor’s invoice. 4.5 The Contractor acknowledges that Contractor is not and shall not be considered as an employee of the Company and that Contractor will therefore not be entitled to receive from the Company any other benefit, remuneration, or retribution of any nature whatsoever other than the compensation provided for herein. 4.6 The Contractor shall, at Contractor’s own expense, be responsible for paying all taxes or charges, including income tax remittances and any other taxes, premiums, contributions or charges, statutory or otherwise, in connection with the provision of the Services under this Agreement. 4.7 The Contractor must obtain written approval of any expenses or costs it incurs, that are payable in addition to the Fees in relation to the Services, prior to incurring such expenses or costs. Reasonable business expenses previously approved by the Company and incurred by the Contractor in the performance of the Services that are not directly paid by the Company shall, upon submission of receipts or other appropriate supporting document, be reimbursed to the Contractor by the Company. All travel expenses will be discussed with the Company in advance of confirmation. 4.8 There is a tailing period defined in Appendix A (“Tailing Period”) following termination of this contract. During the tailing period, the Contractor is entitled to the fee schedule outlined in Appendix A (“Fees”) upon a successful deal between the Company and any Existing Customer or a New Customer.