4.6 SR 12-02-2024 - Laserfiche WebLink

Home Browse Search

MASTER SERVICES AGREEMENT -1 56428.0002.14325562.1 an annual business review meeting with representatives designated by each party either via teleconference or in person within 60 days before each anniversary of the Effective Date.Client may request that these meetings occur more frequently. 1.4 Client’s Responsibilities.Client’s Representative will be responsible for exercising general oversight of LIV’s activities in completing each SOW.Specifically,the Client ’s Representative will represent the Client ’s interests in resolving day-to-day issues that may arise during the term of this Agreement,shall participate regularly in conference calls or meetings for status reporting,shall promptly review any written reports submitted by LIV,and shall approve all invoices for payment,as appropriate.The Client ’s Representative shall give LIV timely feedback on the acceptability of progress and task reports. SECTION 2.COMPENSATION 2.1 Management Fee. 2.1.1 Unless a certain report type is noted as an exception on applicable SOW (each,an “Exception”),LIV will collect and retain from each user submitting an inspection report a fixed fee of $15.00 US for each system inspection submitted (the “Fixed Fee”).The Fixed Fee will be due and payable by the end user upon uploading an inspection report.The Fixed Fee for any Exceptions will not exceed $15 per report.The parties will meet and review the Fixed Fee on or about each anniversary of the Effective Date.For clarity,the Fixed Fee is paid by the end user (e.g.,the inspector)and the Client is not billed for any fees. 2.1.2 As part of the Services,LIV will collect all fees including the Fixed Fee,due and payable by third party inspectors in connection with activities relating to Vault and the Services,plus any additional fees that Client charges in connection with the activities relating to the premises in question (the “Inspection Fees”).The Inspection Fees will be determined solely by Client.If Client elects under the applicable SOW,it may add an administration fee to the Inspection Fees charged to the Client ’s customers.If so,LIV will collect that administration fee in addition to the Inspection Fees. 2.1.3 If Client elects to include any Inspection Fees,then within 30 days following the end of each calendar quarter,LIV will remit to Client the amount by which the amount of Inspection Fees collected during such quarter exceeds the amount of Fixed Fees due and payable to LIV under this Agreement for such quarter. SECTION 3.TERM AND TERMINATION 3.1 Term of Agreement.The term of this Agreement will be for an initial period commencing on the Effective Date and running through the date that is Three year from the Effective Date (“Initial Term”).Thereafter,the Term will automatically be renewed for 2 additional one-year terms (each,a “Renewal Term,”and collectively with the Initial Term,the “Term”)if,no later than 60 days before the expiration of the initial Term or any successive Page 121 of 211