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r� <br /> gs MYTH ICS' <br /> 111) <br /> Unrivaled Oracle Expertise <br /> i. COMPANY will be compensated for the services of personnel in accordance with the rates <br /> negotiated and documented in each applicable Statement of Work. Within seven(7) days after <br /> the end of each month during the Term of this Agreement, COMPANY shall invoice CLIENT <br /> for the Services, and each such invoice shall set forth (a) the name of each consultant that has <br /> performed the Services,(b)the date(s)each such consultant performed the Services,(c)the exact <br /> number of hours each such consultant spent performing the Services,(d)the hourly rate for each <br /> consultant,and(e) the total amount due from CLIENT to COMPANY pursuant to that invoice. <br /> ii. All payments from CLIENT to COMPANY are due in full within thirty(30)days after receipt <br /> of payment from the customer or no later than sixty(60)days from receipt of a valid COMPANY <br /> invoice (with backup receipts and delineation of the hours worked on a daily basis),whichever <br /> comes first. If any portion of a bill has not been paid within sixty(60) days of receipt of invoice, <br /> interest at the rate of one percent per month[12)per annum],compounded monthly,of all owed <br /> amounts,shall automatically be added to the amount owed.If any balance remains outstanding <br /> seventy-five (75) days following the date of the bill,COMPANY may terminate this Agreement <br /> or any portion thereof. Termination of this Agreement or any portion thereof pursuant to this <br /> provision shall not release CLIENT from any of its obligations hereunder. <br /> iii. COMPANY shall be solely responsible for the reporting and payment of all applicable <br /> federal or state sales or use taxes, or related to levies, applicable to the Services and payment <br /> therefore. <br /> B. Expenses and Reimbursement. All expenses including, without limitation, hotel, food and <br /> transportation costs,shall be reimbursed by CLIENT to COMPANY in compliance with the Federal <br /> Travel Regulations (copies of receipts are required). <br /> IV. REPRESENTATIONS AND WARRANTIES <br /> A. Representations and Warranties. As an inducement to the parties to enter into this Agreement, <br /> both parties represent and warrant as follows: <br /> i. The parties have full power and authority to sign and deliver this Agreement and to perform <br /> its obligations under this Agreement. The signing,delivery and performance of this Agreement <br /> have been duly authorized by all necessary corporate action on the part of CLIENT and <br /> COMPANY. <br /> ii. CLIENT and COMPANY have duly and validly signed and delivered this Agreement. This <br /> Agreement constitutes a valid and legally binding obligation of CLIENT and COMPANY, <br /> enforceable against it in accordance with its terms. <br /> V. PROPRIETARY RIGHTS <br /> A. Confidential and Proprietary Information and Materials. "Confidential Information" means <br /> information,not generally known, and proprietary to the CLIENT or to a third party for whom the <br /> CLIENT is performing work, including, without limitation, information concerning any patents or <br /> Page 3 of 14 <br /> 1439 N. Great Neck Rd.,Virginia Beach,VA 23454 I 757.412.4362 I Fax: 757.412.1060 I www.mythics.com <br />