Common use of Payment Dispute Resolution Clause in Contracts

Payment Dispute Resolution. Unless specified otherwise in Exhibit A, the following terms regarding fees and payment shall apply. Company shall pay Consultant for time spent performing Services at the rates set forth in Exhibit A upon full and satisfactory performance of the Services. Company agrees to reimburse Consultant for all reasonable out of pocket expenses incurred by the Consultant in connection with the Services provided hereunder. Invoices shall be submitted by Consultant to Company as soon as practical after the end of each month and Company agrees to pay Consultant for amounts due for such invoices within thirty (30) days of Company's receipt of such invoice. Invoices shall provide sufficient detail and shall be in a format acceptable to Company. If Company reasonably disputes any of the fees charged, Company shall not pay the amount in dispute but shall notify Consultant of the amount and reason for the dispute. The parties shall attempt in good faith to settle the dispute by discussions between themselves. If the dispute remains unresolved after eight weeks after Company notifies Consultant of the dispute, the parties are free to pursue all available legal remedies.