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Master Fee Agreement
"I need a Master Fee Agreement for a technology consulting firm providing services to multiple enterprise clients in New Zealand, with quarterly fee reviews and a complex fee structure including both fixed and variable components."
1. Parties: Identification of the contracting parties, including registered addresses and company details
2. Background: Context of the agreement and the business relationship between the parties
3. Definitions: Defined terms used throughout the agreement
4. Term and Termination: Duration of the agreement and circumstances for termination
5. Fee Structure: Framework for how fees are calculated and structured
6. Payment Terms: Terms for payment, including timing, method, and currency
7. Invoicing: Requirements for invoice format, content, and submission process
8. GST and Taxes: Treatment of GST and other applicable taxes
9. Confidentiality: Protection of confidential information exchanged under the agreement
10. Dispute Resolution: Process for resolving disputes between parties
11. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment
1. Service Levels: Include when specific performance standards need to be maintained
2. Interest on Late Payments: Include when charging interest on overdue amounts
3. Currency Exchange: Include for international agreements with multiple currencies
4. Force Majeure: Include when needed to address unforeseen circumstances affecting fee arrangements
5. Audit Rights: Include when one party needs rights to audit fee calculations or relevant records
6. Insurance: Include when specific insurance requirements are necessary
7. Data Protection: Include when personal data processing is involved
8. Intellectual Property: Include when IP rights need to be addressed in relation to fee-generating activities
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, rates, and charges
2. Schedule 2 - Services Description: Detailed description of services to which fees apply
3. Schedule 3 - Payment Procedures: Specific procedures for invoicing and payment
4. Schedule 4 - Key Personnel: List of key contacts responsible for fee administration
5. Schedule 5 - Service Levels: Detailed service level requirements and measurements
6. Appendix A - Invoice Template: Standard format for invoices
7. Appendix B - Rate Card: Standard rates for additional services or variations
8. Appendix C - Escalation Process: Detailed process for dispute resolution and escalation procedures
Authors
Financial Services
Professional Services
Technology
Consulting
Legal Services
Asset Management
Real Estate
Healthcare
Engineering
Construction
Education
Telecommunications
Legal
Finance
Commercial
Operations
Procurement
Risk and Compliance
Business Development
Account Management
Service Delivery
Project Management
Chief Financial Officer
Finance Director
Commercial Manager
Contract Manager
Legal Counsel
Business Development Manager
Account Manager
Financial Controller
Operations Manager
Procurement Manager
Risk Manager
Compliance Officer
Service Delivery Manager
Project Manager
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