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upon receipt and approval of Consultant's invoice. Compensation for services and reimbursement for costs shall not exceed $509,227 for the term of this Agreement, which includes a 10%contingency for unforeseen circumstances and related extra services as determined necessary by the City. Payment of such contingency funds in not guaranteed to Consultant unless the City requests such extra services. a. Invoices submitted to City must contain a brief description of work performed,time used and City reference number. Payment shall be made within thirty (30)days of receipt of Consultant's invoice and approved by City. b. Upon completion of work and acceptance by City, Consultant shall have sixty(60) days in which to submit final invoicing for payment. An extension may be granted by City upon receiving a written request thirty (30)days in advance of said time limitation. The City shall have no obligation or liability to pay any invoice for work performed which the Consultant fails or neglects to submit within sixty(60) days, or any extension thereof granted by the City, after the work is accepted by the City. 5. Sufficiency of Consultant's Work. All work product and all other documents prepared by Consultant shall be adequate and sufficient to meet the purposes for which they are prepared. 6. Ownership of Work. Both Consultant and City shall jointly own any and all work product created by the Consultant on behalf of City pursuant to this Agreement.Nothing herein shall result in the transfer of any ownership rights from Consultant to City for any previously created and/or copyrighted material owned by Consultant. To the extent that the work product created by Consultant for City incorporates any such previously created and/or copyrighted material into such work product, Consultant grants to City an irrevocable and unrestricted license to use such previously created and/or copyrighted material for City's use. 7. Changes. City may request changes in the scope of services to be provided by Consultant. Any changes and related fees shall be mutually agreed upon between the parties and subject to a written amendment to this Agreement. 8. Consultant's Status. In performing the obligations set forth in this Agreement, Consultant shall have the status of an independent contractor and Consultant shall not be considered to be an employee of the City for any purpose. All persons working for or under the direction of Consultant are its agents and employees and are not agents or employees of City. 9. Termination for Convenience of City. The City may terminate this Agreement at any time by mailing a notice in writing to Consultant. The Agreement shall then be deemed terminated, and no further work shall be performed by Consultant. If the Agreement is so terminated,the Consultant shall be paid for that percentage of the work actually completed at the time the notice of termination is received.