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H. TERMS OF PAYMENT <br />1. Monthly Invoices <br />The CONSULTANT shall submit invoices once each month to the <br />CITY for the services performed and the expenses and other <br />charges accounted for under this Agreement during the preceding <br />month. Separate invoices shall be due and payable within forty-five <br />(45) calendar days of receipt of billing. <br />Payments not made within forty-five (45) calendar days bear <br />interest from thirty (30) calendar days after the due date at the <br />maximum rate of one (1 %) percent per month on the unpaid <br />balance. The CONSULTANT must invoice the CITY for any interest <br />accrued in order to receive the interest payment. <br />The above provisions are in accordance with FS 218.73 and <br />218.74. <br />2. Late Payment <br />In the event payment for services rendered has not been made <br />within forty-five (45) days from the date of invoicing, then the <br />CONSULTANT may, at his option suspend all work on all <br />authorized projects. Upon receipt of payment for services, the <br />CONSULT ANT will continue with authorized services. <br />I. ASSIGNABILITY <br />The CONSULTANT shall not assign or transfer any interest in this Agreement. <br />J. REMEDIES <br />All claims, counter claims, disputes, and other matters in question between the <br />CONSULTANT and the CITY will be first reviewed by authorized representatives <br />of both parties for a recommended solution. If no solution or resolution is <br />forthcoming, such disputes will be decided by a court of competent jurisdiction <br />convened in Seminole County. This Agreement shall be governed by the laws of <br />the State of Florida. <br />K. INDEMNIFICATION <br />The CONSULTANT will indemnify, save, and hold harmless the CITY and its <br />agents and employees from and against all claims, damages, losses, and <br />expense, including attorney's fees, arising out of or resulting from the <br />performance or nonperformance of the work or services provided within the <br />scope of this Agreement which is proximately caused by any negligent act or <br />omission of the CONSULTANT or anyone directly employed by it or anyone for <br />61 P a g e C 2 s s e l b e i r y P i o f o r m a V e t ti n 9 & D e v e l o p e r R e c r u i t in e n t <br />