Agenda - 04-15-2008-4e - Laserfiche WebLink

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Section 4.02. Such services are invoiced at the end of each month on an in-progress basis. The balance is billed upon completion of the job. 4.03 Any development and/or provision of tangible personal property to Client by Agency will be the subject of separate agreement and is to be agreed upon by Client prior to Client incurring any costs for the development and/or provision of tangible personal property. 4.04 If products and services are purchased on behalf of Client, and Client has approved the purchase of any such product and service, then Client will be billed at Agency's cost with a 15o mark-up or commissions. These include: media space and time, purchase of printing services, custom and stock photography, free-lance illustration, stats, color separations, broadcast/audio/video production, laboratory and processing services. Agency shall be paid at cost for travel and other out-of-pocket expenses directly related to the Account Management .and to individual jobs with prior approval from client. 4.05 Any media wherein Agency is liable for the payment of same for Client's account shall be paid for by the Client in full prior to the closing date for such media provided that the media purchase was approved by Client in advance of Agency incurring costs for any such media. 4.06 Agency bills by invoice. Payment is due within 30 days from date of invoice and past due after 31 days. A service charge of 1.50 per month (18a per annum) will be charged on amounts outstanding past 30 days. 4.07 Agency shall not receive any commissions for the placement or purchase of media that has been purchased by Client prior to the term of this Agreement and in accordance with previous commitments made by client. ARTICLE V TERM AND TERMINATION 5.01 This Agreement shall be effective for a period of twelve (12) months from the date first appearing above. This Agreement may be renewed for two (2) successive one (1) year terms if such renewal is agreed upon by the parties in writing prior to the expiration of the initial one (1) year term. This Agreement may be amended, modified and extended by the mutual written consent of the Client and Agency. .5.02 During the initial or any renewal Term, both Client and Agency shall be entitled to terminate this agreement upon sixty (60) days prior written notice to the other. 5.03 Upon termination of this Agreement for any reason Client's files and property held by Agency shall be returned to Client. 5.04 Client may suspend or cancel any advertising space or time, mechanicals, sales promotions or merchandising job after preparation of same has begun by Agency, provided, however, that Client shall