Payment A. Ceiling For Services rendered pursuant to Annex A, the Client shall pay the Consultant an amount not to exceed [insert amount]. This amount has been established based on the understanding that it includes all of the Consultant's costs and profits as well as any tax obligation that may be imposed on the Consultant. B. Schedule of Payments The schedule of payments is specified below2: [insert detailed list of payments specifying amount of each installment, deliverable/output for which the installment is paid and currency] C. Payment Conditions Payment shall be made in [specify currency], no later than 30 days following submission by the Consultant of invoices in duplicate to the Coordinator designated in paragraph 4. Payments shall be made to Consultant’s bank account [insert banking details. If payment by bank wire is not possible, prior Bank approval to apply cash payments option shall be obtained]
Appears in 2 contracts
Sources: Consulting Agreement, Consulting Agreement