Fees and Term. (A) FEES. In connection with the appointment of CE as CTRX's distributor hereunder, CE shall within 180 days from the effective date of this Agreement pay CTRX a one-time nonrefundable franchise fee of One Million U.S. Dollars (US$1,000,000.00) ("Fee"). The Fee represents the full, final and complete consideration payable by CE to CTRX in consideration for the distribution rights granted hereunder, the Fee shall be payable by CE to CTRX by wire transfer to an account of CTRX.
Appears in 2 contracts
Sources: Strategic Alliance Agreement and Exclusive Distribution Agreement (Concentrax Inc), Strategic Alliance Agreement and Exclusive Distribution Agreement (Concentrax Inc)