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C <br />1.5.6 The rates and multiples for services of the Architect and the Architect's consultants as set <br />forth in this Agreement shall be adjusted in accordance wilh their normal salary review practices. <br />i.5.7 An initial payment o£ iJ/A Dollars <br />(s )shall lae made upon execution of this Agreement and is the minimum <br />payment under this Agreement. It shall be credited to the Owner's account at final payment. <br />Subsequent payments for services shall be made monthly, and where applicable, shall be in <br />proportion to services performed on the basis set forth in this Agreement. <br />i.5.8 Payments are due and payable twenty five ( 25 )days from the date <br />of the Architect's invoice. Amounts unpaid fifteen ( 15 )days after the <br />invoice date shall bear interest at the rate entered beIotiv, or in the absence thereof at the legal rate <br />prevailing from time to time at the principal place of business of the Architect. <br />(Insert rate of interest ngreed upon.) <br />(Usury Imes mad requirements under tlae Pederal'li•uth in LendingtSct, similar state anti local cvnsunaer credit <br />laws crud other regulations ai the Owners arrd.~trchitcct's principal places of business, the location of the Project <br />and elsewhere may affect the validity of this provision. Specific legal advice should be obtained with respect to <br />deletions or modifccations, and also retarding requirements such as written disclosures nr waivers.) <br />L5.9 If the services covered by this <br />eighteen ( 1$ <br />Architect, ea~.ension of the rrchitect's se <br />provided i.n Paragraph t.5.z. <br />Agreement have not been completed within <br />)months of the date hereof, thxough no fault of the <br />vices beyond that time shall be compensated as <br />This Agreement entered into as of the day and year first written above. <br />OWNER (Signature) ARCHITECT (Signature) <br />Samuel Brockwell, President <br />(Printed nanac and title) (Printed name mad title) <br />t:AUT-pN: 3''ou slaorald sign an oribrinal AI.~! document or a licensed reproderction. Uriginais contain the rUlt Toga <br />printed in red; licensed reproductions are those produced in accordmace tivith fire Instrrtctions to this document. <br />/~ <br />~~~~~d <br />°~~'' <br />m7997 AIA® <br />AIA DOCUMENT Bi41-1947 <br />STANDARD FORM <br />AGREEMENT <br />The American institute <br />of Architects <br />1735 New York Avenue, N.W. <br />Washington, D,C. 20006-5292 <br />tldi+i33~I1~iG: Unlicensed photocopying violates US. copyright laws and will subject the violator to legal prosecution. <br />