Common use of Work in Process Clause in Contracts

Work in Process. In the event XYZ completes any project that was in process at the Effective Date and the work done prior to the Effective Date is billed to the client by XYZ, XYZ shall pay to Doe his proportionate share of the fee collected from the client for such work as determined by the ratio of the work done on the project at the Effective Date to the total work involved, less percent ( %) to be retained by XYZ for collection services.