Common use of Kill Fee Clause in Contracts

Kill Fee. In the event Client desires to terminate this Agreement prior to receipt of the Final Payment, in addition to any other amount owed hereunder at the time, a "Kill Fee" will be assessed on Client. The "Kill Fee" will be set in the Proposal, if the Proposal is silent on the Kill Fee, the Kill Fee will be set by default at 10% of the remaining project costs.