Identity of Fees payer Sample Clauses

The 'Identity of Fees payer' clause defines which party is responsible for paying specific fees under the agreement. In practice, this clause clarifies whether the buyer, seller, or a third party will cover costs such as administrative fees, transaction charges, or service fees associated with the contract. By explicitly assigning payment responsibility, the clause prevents disputes and ensures both parties understand their financial obligations, thereby promoting transparency and smooth execution of the agreement.