We recommend that you always have an FPA when using value prices. With this agreement, there can be no question about price and (just as importantly) no question about the extent of the commitment. B. TERM: This agreement enters into force from [DATE] and expires on [DATE] unless it is terminated earlier, as foreseen or renewed by written agreement of the parties (the “duration”). Other important information that can be added to your sales contract are: The idea behind the costs plus the arrangement is fairly straight, you calculate all the costs related to the product or service, then apply a percentage surcharge and you have your price here, we see how it works. Unforeseen Services In addition, the parties agree that in case of unforeseen need (for example. B A review by a tax authority, an audit of the financial record or a compilation required as part of a lender`s financing agreement or other exogenous service not provided for by this agreement), ABC is prepared to carry out this additional work at an agreed price. This service will be billed separately to XYZ using a change order. The sponsor expressly understands and accepts that this is a fixed-price contract. The university is not required to provide the sponsor with an invoice, financial report, proof or justification for expenses for the provision of services as a condition of payment. The university will not request additional funding if the university`s costs for the completion of services exceed the overall contract price and no part of the overall contract price will be returned to the sponsor after the services have been concluded (even if the university`s costs for completing the services are lower than expected). When setting a payment plan, you should be sure to include specific due dates, both for regular payments and for the down payment if necessary.
The inclusion of this information should clarify the terms of the agreement for both parties. (13) Order of classification: in the event of a conflict within this agreement (including all exhibits) and/or between the text of this agreement and all documents and/or arrangements in descending order, the order of precedence applies in descending order of service, in the event of a conflict within the framework of this agreement (including all exhibits) and/or between the text of this agreement and all documents and/or arrangements attached to it, referring to (i) A paragraphs 1 to O of this agreement; (ii) Appendix A of this agreement; and (iii) Appendix B of this agreement.