Common use of Initial Fees Clause in Contracts

Initial Fees. Initial Fees are due up front, prior to the commencement of any work to implement Systems at your approved business location(s). Initial Fees are non-refundable. We will estimate your Initial Fees based on the size and scope of a similar implementation. During implementation, we will use reasonable efforts to track the number of actual hours spent against our projection of estimated hours and will provide you a monthly time report at the end of each month. If, upon completion of all implementation work, we have underestimated the total number of hours needed to complete the engagement, then you will be responsible for paying any cost overages, which overage hours we will calculate at the same established hourly rate. Any additional overage costs will be considered part of your Initial Fees and must be paid immediately upon your receipt of a separate invoice describing the overage. We reserve the right to charge for Initial Fees as a flat rate, in our sole discretion.