Common use of Fees, Expenses and Payment Terms Clause in Contracts

Fees, Expenses and Payment Terms. Recipient will pay Provider fees, pass-through costs and expenses in accordance with the applicable IPA(s). Unless otherwise agreed to in a particular IPA, the following shall apply: (a) Recipient shall reimburse Provider for those reasonable and necessary expenses and pass-through costs incurred in the performance of the Services which are approved by Recipient in advance and in writing; (b) travel time is not compensable; (c) Provider will invoice Recipient monthly within thirty (30) days of the month during which the Services were performed; and (d) Recipient shall pay each undisputed invoice within thirty (30) days of receipt. If Recipient disputes any portion of an invoice received from Provider, then Recipient shall so notify Provider in writing of the disputed amounts and shall pay the undisputed amounts as set forth in the preceding sentence and the Parties shall use good faith efforts to reconcile the disputed amounts as soon as practicable. Except as otherwise agreed upon by Recipient in an Amendment, Provider agrees to accept the foregoing amounts as payment in full for performance of the Services specified in the applicable IPA(s) and further agrees that the amounts specified in an IPA are the maximum amounts due for the Services performed thereunder unless otherwise agreed upon by Recipient in an Amendment.

Appears in 2 contracts

Sources: Master Services Agreement (Arog Pharmaceuticals, Inc.), Master Services Agreement (Arog Pharmaceuticals, Inc.)