Common use of Payments and Expenses Clause in Contracts

Payments and Expenses. The Client shall pay the Outsourcer a base fee of $[INSERT AMOUNT] per [month/quarter/year] for the Outsourced Services described in Schedule 1 (the “Base Fee”). This fee covers the standard scope of Outsourced Services provided under this Agreement. In addition to the Base Fee, the Parties may agree to milestone payments based on the completion of specific deliverables or performance targets. The Parties may agree to performance-based incentives, payable upon achieving pre-defined service levels or outcomes. The criteria and incentive amounts are set forth in Schedule 3. A non-refundable deposit of $[INSERT AMOUNT] is due upon execution of this Agreement. This deposit secures the Outsourcer’s commitment to begin work on the Outsourced Services. Invoices for the Base Fee and any milestone or incentive payments will be issued on a [monthly/quarterly] basis. Payments shall be made within [NUMBER] days from the invoice date. All payments shall be made in U.S. Dollars (USD) via bank transfer, check, or any other mutually agreed payment method. The Client shall reimburse the Outsourcer for reasonable and pre-approved out-of-pocket expenses incurred in connection with the performance of the Outsourced Services. These may include travel, lodging, materials, and third-party service fees. All reimbursable expenses must be supported by proper documentation (e.g., receipts, invoices) and submitted with the corresponding invoice. Any amounts not paid by the due date shall accrue interest at a rate of [PERCENTAGE]% per month (or the maximum rate permitted by applicable law) until the outstanding balance is paid in full. If the Client disputes any invoiced amount, the Client must notify the Outsourcer in writing within [NUMBER] days of the invoice date. The Parties will work in good faith to resolve any discrepancies prior to processing the payment.