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KCY’s fees will be payable in stages as and when KCY renders invoices. Please note that KCY’s fees are payable notwithstanding that any relevant approvals, consents or licenses in connection with any transaction have not been obtained and are not contingent upon the issue of any such relevant approvals, consents and licenses. All invoices rendered should be paid in full within 14 business days from the date of the relevant invoice. KCY has the right to request the client to, and the client may be required to pay, KCY’s Foreign Consulting Attorneys or KCY’s Collaboration Attorneys (pursuant to an invoice issued by or on behalf of such Foreign Consulting Attorneys or Collaboration Attorney’s as the case may be). The collective fees of the KCY team shall not however at any time exceed the fixed fees or fee cap quoted to the client (if applicable). By mutual agreement, a single invoice may further be issued by or on behalf of the Foreign Consulting Attorneys or Collaboration Attorneys consolidating the entire fees of the KCY team, provided that this does not affect or prejudice the terms of this STOE, whereby KCY is to be regarded only as the sole service provider to the client, except that KCY’s responsibility to the client will be subject to the provisions of Section 6.
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