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7 <br /> Haden•Stanziale <br /> r � � e t . t t t. • t t e e n t t : , <br /> GENERAL TERMS AND CONDMONS <br /> 1. The General Terms and Conditions outlined below are part ofthe attached letter agreement <br /> and are hereby incorporated by reference. <br /> 2. The Owner shall provide Haden-Stanzlale with program information regarding the <br /> requirements and objectives for the Project. Additionally,Hadiar&vWale shall be entitled to <br /> rely upon the accuracy of any services,information,and survey reports supplied by the Owner <br /> or by others. <br /> 3. In addition to professional fees outlined in the attached letter agreement,the Owner shall pay <br /> all reimbursable expenses which are defined as actual expenditures made byHadw-Stmidale, <br /> their employees,or professional consultants in the interest of the project and include expense <br /> of transportation and living when traveling in connection with the project;long distance calls <br /> and telegrams; and expense of reproductions, postage and handling of drawings and <br /> specifications,excluding those for office use and presentation to the Owner. Reimbursable <br /> expenses will be calculated as actual cost plus a ten percent(10%)administrative fee. <br /> 4. All fees and reimbursable expenses will be invoiced bi-weekly and are payable upon receipt. <br /> In the event payment is not,however,received within thirty(30)days of invoice date,the past <br /> due balance will be subject to an interest penalty of one and one-half percent <br /> Invoices which remain outstanding shall be subject to interest at the rate of one and one-half <br /> percent (1-1/2 0/9) per month. In the event payment is not made within sixty (60) days, <br /> Haden-Stcvrziale will stop work on the project until payment is received. Stoppage of work <br /> by Haden-Stanziale will not be deemed as a default under the terms of this letter agreement. <br /> In some cases,an additional fee will be required to stop and restart work due to non-payment. <br /> 5. The Owner agrees that this letter agreement shall be interpreted according to the laws of the <br /> State of North Carolina, and agrees to reimburse Heinen-Stanziale for reasonable attorney <br /> fees that it may expend in enrorcing this letter agreement. <br /> 6.. Payment ofthe advance deposit,ifrequired,and signature ofthe letter agreement will signify <br /> the Owner's acceptance of all the Terms and Conditions stated herein and the Owner warrants <br /> that the necessary funds are available to pay Haden-Sramiale for the services and expenses <br /> outlined in the letter agreement and that these funds are not encumbered or contingent upon <br /> subsequent sales,approvals, permits or financing commitments. <br /> Madrn-SW diHlr,P.A. <br /> rint Jilin Plait Durham <br /> ::Un IY �1am�utaa dun• .t,u <br /> {tntham. Nl ?- ut Charinlle <br /> t madlturh.urrvlt.xbvrt.tnn.It.4t"it <br /> Wihninrlen <br /> Haden Stanziale Letter Agreement.max <br />