servicesagreement.docVIP

SERVICES AGREEMENT THIS AGREEMENT is between __________, with offices at __________ (hereinafter referred to as “COMPANY”), and the University of Delaware, a nonprofit institution of postsecondary education chartered under the laws of the State of Delaware,?with its principal place of business in Newark, Delaware (hereinafter referred to as “UNIVERSITY”). In consideration of the rights and obligations herein set forth, the parties do hereby agree as follows: 1. Description of Services. UNIVERSITY shall render the following services: 2. Compensation. This is a firm fixed price agreement. COMPANY understands and expressly agrees that this is a “fixed price” agreement. UNIVERSITY is under no obligation to provide COMPANY with any kind of financial reporting, supporting documentation, or justification of expenditures made in the performance of the project as a condition of payment. It is agreed and understood by the parties hereto that the fixed price for performing the services and providing the deliverables shall be xxxxxxxxx dollars ($xxxxxx). COMPANY will pay UNIVERSITY a total of ____________ dollars ($ ) within thirty (30) days of execution of this Agreement for services rendered pursuant to Section 1. COMPANY will have no obligation to pay UNIVERSITY for any costs beyond the amount specified in this Article unless there are costs associated with export control licenses as specified in Article 12.? All payments shall be made to UNIVERSITY in United States Dollars. For converting payments into United States Dollars COMPANY shall use the average of the closing buying rates of the Morgan Guaranty Trust Company of New York applicable to transactions under exchange regulations for the particular currency on the date payment is due. Please include Reference No. _________________ with your payment. Invoices shall be sent to __________. 3. Term. The period of performance of this Agreement will be from __________, 20__, until