Common use of Implementation Fee Clause in Contracts

Implementation Fee. The Parties shall mutually agree upon the implementation fee to be paid by the Client to the Company for performing the Implementation Services. The Client shall pay such fee to the Company in advance of the performance of the Implementation Services. That advance payment shall be based upon a preliminary written estimate of the cost of the Implementation Services. Such estimates are subject to revision based upon future findings. In the event that the estimated or actual costs of implementation are revised, the Company and Client may agree on the revised costs or the Client may terminate this Agreement, subject to the Client’s payment for Implementation Services actually rendered prior to such termination.

Appears in 2 contracts

Sources: Services Agreement (AlphaMetrix Managed Futures III LLC (AlphaMetrix WC Diversified Series)), Services Agreement (AlphaMetrix Managed Futures III LLC (AlphaMetrix WC Diversified Series))