Extent of amounts owed in calculation of charges or fees _
Limits relate to NEST® purchases, orders and registered contract. Limits for functions processed by NEST® are set in registered collaborative engagement and exchange documentation. Purchasing Member’s are comprehensively responsible to settle owed amounts as quantified therein.
For example, a registered contract valued at $100 USD can stipulate an 80% cancellation charge. If Purchasing Member, acting as a registered collaborative participant, subsequently fails to attend then NEST® holds authorization to execute settlement billing of $80 USD in verified cases of such material breach or failure of registered contract‘s completion.
Collaboration settlement and limits executed may never exceed total documented value of registered contract. Such collaboration settlement limits are also separate from all other NEST® service related transaction costs, blockchain network fees, charges or the like.
