Project Fee. As compensation for the design, development, installation, and testing services as necessary to deliver an integrated fully functional Online Booking System as intended and specified in Exhibit A, Scope of Work, Company will be paid a Project Fee of $45,000. Payment will be made in milestone payments with 30% due within ten (10) Authority Business Days after Agreement Effective Date. Company will invoice Authority for 50% upon completion of design and commencement of installation. Company will submit the final invoice for the remaining balance after final acceptance of the Online Booking System by Authority.
Appears in 2 contracts
Sources: License Agreement, License Agreement