Term.
The term of this Agreement shall be for PERIOD OF
TIME commencing on the “Contract Date”
set forth above (“Initial Term”). Thereafter,
the term may be renewed automatically for successive
ONE YEAR (1) periods on each anniversary of the
Contract Date (“Renewal Term”); provided,
however, that either party may terminate this Agreement
at the end of the Initial Term or at the end of
any Renewal Term by providing the other party written
notice thereof at least ninety (90) days prior to
the effective date of such termination. The phrase
“Contract Year” shall mean and refer
to each twelve (12) month period during the term
hereof which begins on the Contract Date or an anniversary
thereof.
Termination.
Upon any termination: (i) Direct Bill shall cease
to provide Direct Bill Services and Direct Bill
Data to Company; and (ii) Company shall immediately
pay to Direct Bill all accrued and outstanding
fees and charges.
Cancellation.
Cancellation of this contract before the end of
term as described above must be received in written
form on company letterhead signed by an authorized
representative of Company. Company must give Direct
Bill a minimum of ninety (90) day notice before
cancellation. During cancellation, Company must
continue volumes sustained before notification
was given until ninety (90) days after notification.
Company may be subject to early cancellation fees
as described below:
- Initial
Set-up.
Direct Bill does not charge for initial programming
and set-up required for Company’s data
and compatibility with Direct Bill’s system
interfaces. Company is subject to a $1,000.00
minimum charge if services rendered are cancelled
before the first contract year is completed.
- Custom Laser Stock.
Company is responsible for all
custom laser stock printed solely for the Company.
Company’s individual inventory level is
maintained by calculating average monthly volume
by five (5) months. The charge will be calculated
using a $.03 per sheet basis then multiplied
by the remaining unused sheets estimated at
the end of the ninety (90) day notification.
If Company elects to purchase stock, Company
is responsible for all shipping and handling
charges necessary to deliver products.
- Generic Laser Stock.
Company is responsible for all
generic stock inventories necessary to fulfill
any account with volumes exceeding 110,000 laser
sheets per month. Company’s individual
inventory level is maintained by calculating
average monthly volume by five (5) months. Company
has the option to purchase stock inventory level
or use the remaining inventory quantity calculated
above. If Company elects to purchase stock,
Company is responsible for all shipping and
handling charges necessary to deliver products.
- Custom Carrier Envelope.
Company is responsible for
all custom envelopes printed solely for the
Company. Company’s individual inventory
level is maintained by calculating average monthly
volume by five (5) months. The charge will be
calculated using a $.03 per envelope basis then
multiplied by the remaining unused envelopes
estimated at the end of the ninety (90) day
notification. If Company elects to purchase
envelopes, Company is responsible for all shipping
and handling charges necessary to deliver products.
- Standard Carrier Envelope.
Company is responsible for
all carrier envelope inventories necessary to
fulfill any account with volumes exceeding 110,000
envelopes per month. Company’s individual
inventory level is maintained by calculating
average monthly volume by five (5) months. Company
has the option to purchase envelope inventory
level or use the remaining inventory quantity
calculated above. If Company elects to purchase
envelopes, Company is responsible for all shipping
and handling charges necessary to deliver products.
- Custom Return Envelope.
Company is responsible for
all custom return envelopes printed solely for
the Company. Company’s individual inventory
level is maintained by calculating average monthly
volume by five (5) months. The charge will be
calculated using a $.03 per envelope basis then
multiplied by the remaining unused return envelopes
estimated at the end of the ninety (90) day
notification. If Company elects to purchase
return envelopes, Company is responsible for
all shipping and handling charges necessary
to deliver products.
- Standard Return
Envelope.
Company is responsible for
all return envelope inventories necessary to
fulfill any account with volumes exceeding 110,000
envelopes per month. Company’s individual
inventory level is maintained by calculating
average monthly volume by five (5) months. Company
has the option to purchase return envelope inventory
level or use the remaining inventory quantity
calculated above. If Company elects to purchase
return envelopes, Company is responsible for
all shipping and handling charges necessary
to deliver products.
- Custom Printed Inserts.
Company is responsible for all
custom inserts printed solely for the Company
by Direct Bill. If Company has not pre-paid
all invoices connected with printing the custom
inserts, Company will immediately remit funds
to cover such invoices. Company is responsible
for all shipping and handling charges necessary
to deliver products.
- Customer Supplied
Materials.
Company is responsible for
all shipping and handling charges necessary
to deliver supplied materials.
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