Laserfiche WebLink
<br />CONTRACT PRICE AND TERM <br /> <br />CONTRACT PRICE <br /> <br />Our price to perform the services as outlined in this agreement is Six thousand two hundred forty and <br />00/100 Dollars ($6,240.00) per year, to be billed quarterly in advance at a rate of One thousand five <br />hundred sixty 00/100 Dollars ($1560.00) quarterly. <br /> <br />PRICE ADJUSTMENT <br />The Contract Price will be adjusted on the date of any labor rate adjustment under Amtech Elevator Services contract <br />with the respective collective bargaining agreement to reflect increases or decreases in material and labor cost. <br /> <br />TERM <br />The Commencement Date will be Date of Execution. The Term of this Contract will be for five (5) years <br />beginning on the Commencement Date. The Contract will automatically be renewed at each fifth anniversary for an <br />additional five (5) year term unless terminated by either party by giving written notice to the other party at least ninety <br />(90) days, but no more than 120 days prior to the end of the then current five (5) year term. <br /> <br />PAYMENTS <br /> <br />The work shall be performed for the agreed price plus any applicable sales, excise or similar taxes as required by law. In <br />addition to the agreed price, you shall pay to us any future applicable tax imposed on us, our suppliers or you in <br />connection with the performance of the work described. <br /> <br />You agree to pay a late charge from the date such sums become due of one and one-half percent (1.5%) per month, or the <br />highest legally permitted rate, whichever is less, on any balance past due for more than thirty (30) days, together with all <br />costs (including, but not limited to, attorneys' fees) incurred by us to collect overdue amounts. <br /> <br />Failure to pay any sum due by you within sixty (60) days will be a material breach. We may at our option declare all <br />sums due or to become due for the unexpired term immediately due and payable as liquidated damages, and until the <br />same are paid be discharged from further obligations under the contract. <br /> <br />If payments are not made in accordance with the terms ofthis contract, when due, we may elect to cancel this contract at <br />will and shall not be liable for any acts or omissions following any such failure to make payment, whether election is <br />made to cancel the contract or not. Upon receiving payment of arrears we may, at our option continue to render services <br />hereunder, but such continuance shall not constitute a waiver of any of our rights because of such default. Invoices will <br />be deemed acceptable unless we receive from the purchaser specific written objection within 10 days from the invoice <br />date. <br /> <br />In addition to any other remedies we may have, in the event that THE PURCHASER cancels this contract prior to its <br />expiration. THE PURCHASER shall pay as liquidated damages (NOT AS PENALTY) 33% of the monthly agreement <br />price as adjusted per the adjustment clause herein at the time of the premature cancellation, for the number of months <br />remaining between the cancellation date and the agreement termination date. <br /> <br />:0 Amtech Elevator Services, 2003 <br /> <br />All Rights Reserved (11/1/05) <br /> <br />Proposal# <br /> <br />Page 6 of7 <br /> <br />