Laserfiche WebLink
$5,205 payment upon execution of the agreement <br /> $5,205 payment on or before November 15, 2013 <br /> $5,205 payment on or before February 15, 2014 <br /> $5,205 payment on or before May 15, 2014 <br /> Payment terms shall be net 30. Corporation will submit invoices 30 days prior to the due <br /> dates listed above. Invoices will be handled in accordance with the Prompt Payment Act <br /> (31 U.S.C. 3903) and Office of Management and Budget (OMB) prompt payment <br /> regulations at 5 CFR Part 1315. <br /> 7. TERMINATION: <br /> 7.1. Sponsor: Performance under the Agreement may be terminated by the Sponsor for <br /> convenience. In the event of such termination, the Corporation shall immediately stop <br /> all work hereunder and shall immediately notify any and all of its suppliers and <br /> subcontractors to cease work. Subject to the terms of this agreement, the Corporation <br /> shall be paid a percentage of the agreement price reflecting the percentage of the work <br /> performed prior to the notice of termination plus reasonable charges, including non- <br /> cancellable obligations, the Corporation can demonstrate to the satisfaction of the <br /> sponsor using its standard record keeping system, have resulted from the termination. <br /> The Sponsor may also terminate this agreement, or any part hereof, for cause in the <br /> event the Corporation fails to comply with any agreement terms and conditions, or fails <br /> to provide the Sponsor upon request, with adequate assurances of future performance. <br /> In the event of termination for cause, the sponsor shall notify the Corporation of the <br /> failure and the Corporation will have 30 days to cure the notice. If it is determined that <br /> the Sponsor improperly terminated this agreement for default, such termination shall be <br /> deemed a termination for convenience. <br /> 7.2. Corporation: Performance may be terminated by the Corporation if circumstances <br /> beyond its control preclude continuation of the research Project such as in the event that <br /> the Principal Investigator becomes unable or unwilling to continue the Project, and a <br /> mutually acceptable substitute is not available, the Corporation and/or the Sponsor shall <br /> have the option to terminate the Project or in the event of non payment of the sponsor. <br /> Sponsor shall pay all costs accrued by the Corporation as of the date of termination, <br /> including all non-cancelable obligations incurred prior to the effective date of <br /> termination. In the event the Principal Investigator becomes unable or unwilling to <br /> complete the project on time and a mutually acceptable substitute is not available, the <br /> corporation shall have the option to terminate the project. <br /> 8. PUBLICITY: Sponsor shall not use the name of the University or Corporation, nor any of its <br /> employees, or other persons or entities affiliated with the project, in any publicity, <br /> advertising, or news release without the prior written approval of the authorized <br /> representative of the University or Corporation. The Corporation/University will not use the <br /> name of the Sponsor, or its employees or subcontractor of the Sponsor, in any publicity <br /> without the prior written approval of the City Manager of Sponsor, except for on-campus <br /> newsletters and reports. <br /> 9. NON-DISCLOSURE: Because of the Sponsor's state law obligations and the requirement <br /> to provide to the public all information related to the work performed under this Agreement <br /> the Sponsor and the Corporation agree there will be no disclosure of confidential <br /> information to each other. <br /> Page 2 of 6 <br />