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.
The Kentucky Provision to Include Final Billing is an essential aspect of contract agreements and financial transactions in the state of Kentucky. This provision ensures that all parties involved in a contract, particularly service providers, accurately and promptly submit a final bill or invoice for their rendered services or products. By including this provision, potential disputes or misunderstandings regarding billing can be avoided, promoting transparency and accountability. In Kentucky, several types of contracts may incorporate the Provision to Include Final Billing. Some notable types include: 1. Service Contracts: Service-based agreements, such as those between a client and a service provider, commonly include the Kentucky Provision to Include Final Billing. This ensures that the service provider provides an accurate final bill at the contract's termination, covering all the services provided during the agreed-upon time frame. 2. Construction Contracts: Construction projects involving contractors, subcontractors, and various stakeholders often rely on the Kentucky Provision to Include Final Billing. This ensures that all parties involved, including the general contractor and construction vendors, provide an accurate final billing statement at the project's completion or at predetermined milestones. 3. Procurement Contracts: In procurement or purchasing contracts, especially those involving multiple deliveries or installments, the Kentucky Provision to Include Final Billing becomes crucial. It ensures that the supplier or vendor submits a final invoice for the entire purchase, reflecting any adjustments or changes that may have occurred throughout the contract term. 4. Lease or Rental Agreements: Landlords and tenants in Kentucky may incorporate the Provision to Include Final Billing in lease or rental agreements. This provision helps landlords provide a comprehensive final bill, including potential deductions or additional charges, once the lease is concluded. By incorporating the Kentucky Provision to Include Final Billing into various types of contracts, individuals and businesses operating in Kentucky can ensure that accurate and detailed final bills are provided. This facilitates fair and transparent financial transactions, minimizes potential conflicts, and enhances overall contractual relationships.
