Mad Scientist Technologies

This Payment Agreement (“Agreement”) is made effective as of Date of Service, 202X, by and between Mad Scientist Technologies, hereinafter referred to as the “Service Provider,” and <Client Name>, hereinafter referred to as the “Client.”

1. Scope of Services and Products

The Service Provider agrees to provide IT services and products through both ad hoc sales and invoiced sales, as discussed and mutually agreed upon by both parties. The services may include, but are not limited to:

• IT Consultation and Support
• Software Development and Implementation
• Hardware Sales and Integration
• Network Setup and Configuration
• Maintenance and Troubleshooting

2. Payment Terms

Client agrees to pay the Service Provider for the services and products rendered based on the following payment terms:

a. Pricing: The pricing for the services and products shall be communicated to the Client through quotes/estimates, invoices, or other agreed-upon communication methods. b. Payment Schedule for Ad Hoc Sales: For ad hoc sales, payment is due at the time of purchase or delivery, unless otherwise agreed upon in writing. c. Payment Schedule for Invoiced Sales: For invoiced sales, the payment schedule shall be as follows: i. Deposit: A non-refundable deposit of the total project cost shall be communicated to the Client at the time of the quote/estimate or proposal. ii. Milestone Payments: If the project consists of multiple phases or milestones, payment for each milestone will be due upon its completion as specified in the quote/estimate or proposal. iii. Final Payment: The remaining balance shall be due upon the successful completion and delivery of all services and products, as stated in the invoice. d. Payment Methods: Client agrees to make payments using the following accepted methods, must be in United States Dollar (USD): Money or Cash, Business or Personal Check, Money Orders, Debit Cards, Credit Cards, PayPal, Venmo, Cash.App, ACH/eCheck. A complete list of payment methods is listed at: pay.madscitech.com. e. Late Payments: In the event of a late payment, Client shall be responsible for paying a late fee of 15% of the outstanding amount for each week the payment is overdue.

3. Taxes

Client shall be responsible for any applicable taxes, duties, or levies imposed on the services and products provided by the Service Provider.

4. Intellectual Property

Upon receiving full payment, Client shall own all rights, title, and interest in the deliverables provided by the Service Provider, unless otherwise specified in the quote/estimate or proposal.

5. Other Agreements

This Agreement incorporates the following documents, which are attached hereto and made a part hereof:

• Credit and/or Debit Card and App Payments Terms – https://madscitech.com/legal/payments-cc/

6. Termination

Either party may terminate this Agreement in writing if the other party fails to fulfill its obligations under this Agreement, subject to any applicable termination fees or penalties as detailed in the quote/estimate or proposal.

7. Confidentiality

Both parties agree to keep confidential any information exchanged during the course of the project, including but not limited to business plans, proprietary technology, and customer data.

8. Limitation of Liability

The Service Provider’s liability shall be limited to the total amount paid by the Client under this Agreement. The Service Provider shall not be liable for any indirect, special, incidental, or consequential damages.

9. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of Illinois, without regard to its conflict of laws principles. IN WITNESS WHEREOF, the parties hereto have executed this Payment Agreement as of the date first above written.

Mad Scientist Technologies

By: Mad Scientist Technologies’ Agent

[Mad Scientist Technologies Agent – Title] Date

[Client’s Company Name]

By: Client Name/Agent

[Client’s Name and Title] Date