This office lease provision states that the landlord and the tenant mutually acknowledge a good faith estimate, but that only the real estate brokerage fee has actually been determined. Thereafter, the agreed upon sum will be adjusted, increased or decreased, accordingly to reflect the actual sum once determined.
Kings New York Provision to Include Final Billing is an essential aspect of any agreement or contract that ensures all financial matters are settled before concluding a business deal. This provision is necessary to prevent any misunderstandings or disputes regarding pending payments and to facilitate the closure of the business relationship on a positive note. It outlines the specific terms and conditions regarding the final invoice, payment due date, and the procedures for resolving any discrepancies. There are different types of Kings New York Provision to Include Final Billing, including: 1. Fixed-Price Contract Final Billing Provision: This provision applies to contract where the price is predetermined and fixed before the start of the project. It states the final payment amount based on the agreed-upon terms and conditions. 2. Time and Material Contract Final Billing Provision: This provision is applicable when the payment is calculated based on the actual time and resources invested in completing the project. It details the hourly rate or unit price for specific services or materials and provides guidelines for calculating the final invoice. 3. Milestone-based Contract Final Billing Provision: In contracts where the project is divided into milestones or stages, this provision ensures that payment is made after the successful completion of each milestone. It specifies the amount to be paid for each milestone and the payment schedule. 4. Cost-Reimbursement Contract Final Billing Provision: This provision is commonly used in contracts where the buyer reimburses the seller for all legitimate project-related expenses. It outlines the terms for submitting expense reports, the acceptable documentation required for reimbursement, and the method of calculating the final invoice. Regardless of the specific type of Kings New York Provision to Include Final Billing, it is crucial to include accurate and detailed information about all provided goods or services, the agreed-upon pricing, and any applicable taxes or fees. This provision acts as a safeguard to protect both parties' financial interests and ensures a smooth and transparent financial settlement at the conclusion of the business relationship.
