EXPENSES (SERVICES RELATED)
Other Names: Costs • Costs and Expenses
Sample Clause Language:
[CLIENT] shall reimburse [SERVICE PROVIDER] for all [reasonable,] [actual,] [documented,] [and pre-approved] out-of-pocket expenses incurred in connection with his or her duties as [POSITION].
Source: Grede Wisconsin Subsidiaries LLC (2017, December 15). Form S-4. Retrieved from SEC EDGAR http://www.sec.gov/edgar.shtml
Description:
Expenses (Services Related) clauses deal with who will pay for expenses incurred by the service provider in performing its services under the agreement. The sample clause here is drafted unilaterally and in favor of the service provider. It requires the client to reimburse the service provider for expenses related to the agreement.
Common Contracts with this Clause:
- Service Agreements
- Independent Contractor Agreements
- Consulting Agreements
- Advisor Agreements
- Development Agreements
- Designer Agreements
What you'll see with Lawgood:
Five (5) Alternative Positions
- Favorable to Service Provider (Standard)
- Favorable to Service Provider (Policy)
- Favorable to Service Provider (Thresholds)
- Neutral
- Favorable to Client
Draft better contracts with Lawgood.