Income-sharing or equity joint ventures will also be considered. Billing rates will be established in advance and will vary with the seniority of the assigned team members and complexity and duration of the task. Expenses will be reasonable and actual and will be billed as accrued, with a nominal processing fee included. Software license fees, if applicable, will be applied in advance or at time of use, at the option of Vitis. Invoices will be issued at bi-weekly with appropriate itemization and explanation.
Bills are payable upon receipt unless special terms have been accepted in advance by Vitis.
A final written report and interim reports, if justified, will be issued for each project.