ead the following scenario and answer the question in 5–10 sentences. Your company's contracts review committee...
ead the following scenario and answer the question in 5–10 sentences.
Your company's contracts review committee forwards you a proposed contract with the following language as part of the payments clause: "Client shall pay reasonable out-of-pocket expenses, including transportation charges, and installation in a timely manner." How would you respond to the committee?
Homework Answers
The amount has to be paid on full as per bills produced
All tax liabilities to be taken care of by the client
Company Limits on out-of-expenses across items and designations shall be applicable
Amount to be paid within 15 days of producing the invoice
Some expenses may not have bills, which will be approved by the company at its discretion and clients are liable to pay
It has to be explicitly mentioned what the client considers as reasonable
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