Back to Legal
LG-03·

Pricing Provisions

  1. Introduction and background
    1. All Services and Deliverables are subject to the fee rates and pricing provisions set out in this Schedule PP (Pricing Provisions). The specific charges are set out in each applicable SoW.
    2. Capitalized terms used in this Schedule PP shall have the same meaning as in Schedule GTC (General Terms and Conditions) unless otherwise defined in this SoW.
  2. Price models
    1. This clause describes pricing models applied under this Agreement:
      • Monthly Service Fees
      • One-time Fee
      • Time and material fee model (“T&M”)
    2. Monthly Service Fees
      1. The Monthly Service Fee is a monthly fee, which includes a number of predefined Services - as further described in Schedule DD (Services and Deliverables). The Monthly Service Fees are set out for each Service in the SoW.
    3. One-Time Fee model
      1. If a Service and/or Deliverable is based on the One-Time Fee model, such Services and Deliverables will be subject to the One-Time Fee without regard to the actual consumption or spent.
    4. T&M Fee model
      1. If the T&M Fee model applies, the charges will be based on the actual consumption of time and material. The T&M Fee model will also include necessary travel time and reasonable expenses to accommodation. The Supplier will use reasonable efforts to agree on such travel costs upfront.
      2. The Supplier shall, upon the Customer’s request, provide a fee estimate for the estimated time and associated costs including materials to be spent on performance of the specific Services. The Customer may request fee updates if the Supplier has provided a cost estimate, however, the Parties acknowledge that the estimate is only meant as an indication of the actual consumption. Consultants are subject to an hourly rate of EUR 250 (ex. VAT) per initiated hour.
  3. Invoicing and payment
    1. The Monthly service fee will be invoiced every 12 months ahead. Services provided subject to the T&M Fee model will be invoiced on a monthly basis.
    2. All invoices are due for payment thirty (30) days after the invoice date.
    3. Payment shall be made to the Supplier as specified in the separate invoice
  4. Late payment
    1. If the Customer fails to pay an invoice that is due and payable, the Supplier will be entitled to an interest rate corresponding to five (5) percentage per year on any invoiced amount Customer fails to pay within thirty (30) days from the date of invoice, calculated from the invoice date, provided that the Supplier has notified the Customer in writing that such sum remains unpaid, and that interest will be chargeable with effect from the date of the Customer’s receipt of such notification.
    2. In the event of non-payment by the Customer, the Supplier is entitled to suspend all ongoing work and Services related to any SoW until payment has been made.
  5. Taxes, VAT, and currency
    1. All fees are exclusive of any value-added tax, use, excise, and other similar transactional taxes or duties. The Customer shall pay the value-added tax and such other taxes referenced in the foregoing. VAT must be charged additionally as required by applicable law.
    2. Unless otherwise agreed, all fees set out in this Agreement are set out in Euro and must be paid in Euro.
  6. Adjustment of the fees
    1. The Supplier may adjust the fees once per year with effect from 1 January by written notice to the Customer. Such adjustment shall reflect the percentage change in the OECD Consumer Price Index – Total All Items (or, if that index is no longer published, a comparable successor index) over the preceding 12 months. The Supplier may also apply a reasonable increase to reflect material increases in its costs of delivery.

Learn more

See first-hand what AI-Native Resilience looks like

Company

Fortiv
© Fortiv 2026Legal and Privacy