Expenses definition: Copy, customize, and use instantly
Introduction
The term "Expenses" refers to the costs incurred in the course of carrying out a contract, project, or business activity. It is essential for defining which costs are reimbursable, how they are accounted for, and who is responsible for payment.
Below are various examples of how "Expenses" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Expenses" as reimbursable costs
This definition ties "Expenses" to costs that can be reimbursed by one party to another under the terms of the contract.
"Expenses" means all reasonable and necessary costs incurred by a party in the performance of its obligations under this agreement, including but not limited to travel, lodging, meals, and materials, provided such costs are pre-approved by the other party.
Definition of "Expenses" as operational costs
This definition connects "Expenses" to costs related to the day-to-day operation of a business or project.
"Expenses" refers to the operational costs incurred by the parties, including utilities, equipment maintenance, and administrative overhead, as specified in the budget annexed to this agreement.
Definition of "Expenses" as out-of-pocket costs
This definition links "Expenses" to out-of-pocket expenditures made by a party directly related to fulfilling their contractual obligations.
"Expenses" means all out-of-pocket costs directly attributable to the performance of services under this agreement, excluding any indirect or unallocated overhead costs.
Definition of "Expenses" as shared costs
This definition applies "Expenses" to costs that are shared proportionately between the parties based on their contributions to a project or venture.
"Expenses" refers to costs incurred jointly by the parties in connection with the project, which shall be allocated between the parties on a pro-rata basis as outlined in Schedule A of this agreement.
Definition of "Expenses" as capital expenditures
This definition ties "Expenses" to long-term investments in assets necessary for the execution of a project or agreement.
"Expenses" means costs related to the acquisition or improvement of capital assets, including but not limited to equipment, facilities, and technology, incurred in connection with the project and as approved by the parties.
Definition of "Expenses" as reimbursable employee costs
This definition connects "Expenses" to costs incurred by employees that are eligible for reimbursement by the employer or contracting party.
"Expenses" refers to costs incurred by employees, including travel, lodging, meals, and other approved business-related expenditures, subject to the company’s expense reimbursement policy.
Definition of "Expenses" as tax-related costs
This definition links "Expenses" to costs related to compliance with tax obligations arising from the contract.
"Expenses" means any costs associated with taxes, duties, or other government levies payable by the parties in relation to the execution or performance of this agreement, unless expressly exempted under applicable law.
Definition of "Expenses" as project-specific costs
This definition applies "Expenses" to costs that are directly associated with a specific project or deliverable under the agreement.
"Expenses" refers to all costs incurred solely for the development and delivery of the project, including but not limited to materials, labor, and subcontractor fees, as detailed in the project budget.
Definition of "Expenses" as administrative costs
This definition ties "Expenses" to general administrative costs associated with managing the agreement or project.
"Expenses" means costs related to administrative functions, including office supplies, software licenses, and personnel salaries, necessary to support the execution of this agreement.
Definition of "Expenses" as contingency costs
This definition connects "Expenses" to unforeseen costs that may arise during the term of the agreement.
"Expenses" refers to costs incurred due to unforeseen circumstances, such as delays, additional resources, or emergency measures, as approved in writing by the parties.
Definition of "Expenses" as direct costs
This definition links "Expenses" to costs that are directly attributable to the services or deliverables specified in the agreement.
"Expenses" means direct costs incurred by the party in the provision of the agreed-upon services, including labor, materials, and equipment necessary to fulfill contractual obligations.
Definition of "Expenses" as indirect costs
This definition applies "Expenses" to costs that support the execution of the agreement but are not directly attributable to a single deliverable.
"Expenses" refers to indirect costs, such as utilities, insurance, and management overhead, that are necessary for the overall execution of the agreement.
Definition of "Expenses" as allowable costs
This definition ties "Expenses" to costs that are explicitly permitted under the terms of the agreement.
"Expenses" means all costs that are explicitly identified as allowable in this agreement, including those outlined in the attached schedule or budget.
Definition of "Expenses" as non-reimbursable costs
This definition connects "Expenses" to costs that are explicitly excluded from reimbursement under the terms of the agreement.
"Expenses" refers to costs that are incurred by a party but are not eligible for reimbursement under this agreement, including any costs not pre-approved or exceeding budgeted amounts.
Definition of "Expenses" as travel-related costs
This definition ties "Expenses" to costs associated with travel for business purposes under the agreement.
"Expenses" means costs incurred for business-related travel, including airfare, lodging, transportation, and per diem allowances, as pre-approved by the parties.
Definition of "Expenses" as marketing and promotional costs
This definition connects "Expenses" to costs incurred in marketing or promoting the project, service, or product under the agreement.
"Expenses" refers to costs related to marketing and promotional activities, including advertising, branding, event organization, and public relations, as agreed upon by the parties.
Definition of "Expenses" as legal and compliance costs
This definition links "Expenses" to costs associated with legal or regulatory compliance under the agreement.
"Expenses" means costs incurred for legal advice, regulatory filings, permits, and other compliance-related activities necessary for the execution of the agreement.
Definition of "Expenses" as equipment and material costs
This definition applies "Expenses" to the costs of purchasing or renting equipment and materials for fulfilling contractual obligations.
"Expenses" refers to costs incurred for acquiring, renting, or maintaining equipment and materials necessary for the completion of the services specified in this agreement.
Definition of "Expenses" as third-party vendor costs
This definition ties "Expenses" to costs paid to external vendors or subcontractors for services or goods required under the agreement.
"Expenses" means amounts paid to third-party vendors or subcontractors for services, goods, or materials directly related to the performance of the agreement.
Definition of "Expenses" as research and development costs
This definition connects "Expenses" to costs incurred for research and development activities specified in the agreement.
"Expenses" refers to costs associated with research, experimentation, and product development, including labor, testing, and prototypes, as outlined in the project scope.
Definition of "Expenses" as fee-related costs
This definition links "Expenses" to fees charged by external entities necessary for contract execution.
"Expenses" means costs incurred for fees, such as licensing, application, or membership fees, that are required for the proper execution of the agreement.
Definition of "Expenses" as dispute resolution costs
This definition applies "Expenses" to costs incurred in resolving disputes or disagreements arising under the agreement.
"Expenses" refers to costs associated with dispute resolution, including mediation, arbitration, or legal proceedings, as necessary to enforce or interpret the terms of this agreement.
Definition of "Expenses" as environmental compliance costs
This definition ties "Expenses" to costs incurred in meeting environmental regulations or standards under the agreement.
"Expenses" means costs associated with compliance with environmental laws, standards, or regulations, including audits, certifications, and waste management services.
Definition of "Expenses" as training and onboarding costs
This definition connects "Expenses" to costs incurred for training or onboarding personnel involved in the project.
"Expenses" refers to costs incurred for employee training, onboarding, and certifications necessary for the proper execution of the project or services.
Definition of "Expenses" as utility costs
This definition ties "Expenses" to the costs of utilities necessary for the operation or execution of the agreement.
"Expenses" means costs related to utilities, including electricity, water, gas, internet, and telecommunication services, that are essential for fulfilling the obligations under this agreement.
Definition of "Expenses" as depreciation and amortization
This definition connects "Expenses" to the allocation of costs related to the use or ownership of long-term assets.
"Expenses" refers to the depreciation of tangible assets and the amortization of intangible assets, allocated over their useful lives as part of the financial obligations under the agreement.
Definition of "Expenses" as software and technology costs
This definition links "Expenses" to costs associated with acquiring, licensing, or maintaining software and technology.
"Expenses" means costs incurred for software licenses, subscriptions, IT support, and technology upgrades required for the execution of the agreement.
Definition of "Expenses" as insurance costs
This definition applies "Expenses" to the costs of securing insurance coverage relevant to the agreement.
"Expenses" refers to costs associated with obtaining and maintaining insurance policies, including premiums, deductibles, and related administrative fees, as required under the terms of the agreement.
Definition of "Expenses" as maintenance and repair costs
This definition ties "Expenses" to costs incurred for the upkeep of assets or equipment necessary for the agreement.
"Expenses" means costs incurred for maintenance, repairs, and servicing of equipment, facilities, or infrastructure directly used in the performance of the agreement.
Definition of "Expenses" as hospitality and client entertainment costs
This definition connects "Expenses" to costs incurred for hosting or entertaining clients or stakeholders.
"Expenses" refers to costs related to hospitality, including meals, event hosting, and entertainment provided to clients or stakeholders, as approved by the parties.
Definition of "Expenses" as contingency fund allocations
This definition links "Expenses" to funds reserved for unforeseen events or emergencies.
"Expenses" means costs allocated from a contingency fund to address unexpected needs or emergencies that arise during the performance of the agreement.
Definition of "Expenses" as partnership-related costs
This definition applies "Expenses" to costs incurred due to partnerships or collaborations under the agreement.
"Expenses" refers to costs arising from collaborative efforts, such as joint marketing campaigns, shared resources, or co-branded projects, as outlined in the partnership terms.
Definition of "Expenses" as relocation costs
This definition ties "Expenses" to costs associated with relocating personnel or resources.
"Expenses" means costs incurred for the relocation of personnel, equipment, or resources, including transportation, temporary housing, and related logistical support, necessary for the project.
Definition of "Expenses" as sustainability initiatives costs
This definition connects "Expenses" to costs incurred in implementing sustainability programs or practices.
"Expenses" refers to costs related to the development and execution of sustainability initiatives, including energy-efficient solutions, carbon offset programs, and waste reduction efforts, in alignment with the agreement’s objectives.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.