Price definition: Copy, customize, and use instantly
Introduction
The term "Price" refers to the amount of money required for the exchange or purchase of goods, services, or assets in a contract. It is essential for specifying the agreed-upon amount that will be paid for a product or service, ensuring clarity and enforceability in the contract.
Below are various examples of how "Price" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Price" as the agreed amount
This definition ties "Price" to the agreed-upon amount for the goods or services provided.
"Price" means the total amount payable for the goods or services as specified in this agreement, exclusive of taxes and any other additional charges.
Definition of "Price" as a fixed amount
This definition connects "Price" to a fixed amount that cannot change.
"Price" refers to the amount agreed upon for the purchase of the product or service, which remains fixed and cannot be altered during the term of this contract.
Definition of "Price" as a variable amount
This definition links "Price" to a variable amount based on certain conditions or factors.
"Price" means the amount payable for the goods or services, which may fluctuate based on market conditions, agreed adjustments, or other predetermined factors outlined in this agreement.
Definition of "Price" as a negotiated amount
This definition applies "Price" to a negotiated figure between the parties involved.
"Price" refers to the amount mutually agreed upon by both parties for the purchase of the product or service, as set forth in the contract or purchase order.
Definition of "Price" as the cost of goods or services
This definition ties "Price" to the cost for acquiring goods or services.
"Price" means the cost charged by the seller for the goods or services, inclusive of any applicable taxes, shipping, and handling fees unless otherwise stated.
Definition of "Price" as a lump sum
This definition connects "Price" to a lump sum payment for the transaction.
"Price" refers to a one-time, lump sum payment made by the buyer in exchange for the full and final delivery of goods or services under this agreement.
Definition of "Price" as a per unit rate
This definition links "Price" to a rate charged per unit of goods or services.
"Price" means the rate charged per unit of goods or services, calculated based on the number of units ordered as specified in the agreement.
Definition of "Price" as a fixed rate for a period
This definition ties "Price" to a fixed rate over a set period of time.
"Price" refers to the agreed-upon rate for the services provided, which will remain fixed for the term of the contract or for the duration of the specified period.
Definition of "Price" as an adjusted amount
This definition connects "Price" to an amount that can be adjusted based on specific terms.
"Price" means the amount payable for the goods or services, subject to adjustment based on changes in costs, taxes, or other conditions outlined in the agreement.
Definition of "Price" as the consideration for a contract
This definition links "Price" to the consideration exchanged in the contract.
"Price" refers to the consideration to be paid by the buyer to the seller for the goods or services under this agreement, as determined and agreed upon by both parties.
Definition of "Price" as an amount inclusive of taxes
This definition applies "Price" to the total amount including taxes.
"Price" means the total amount to be paid, including applicable taxes, fees, and other charges that may apply under this agreement unless otherwise specified.
Definition of "Price" as a payment schedule
This definition connects "Price" to a payment schedule for the transaction.
"Price" refers to the total amount due, payable in installments as specified in the payment schedule outlined in this contract.
Definition of "Price" as a discounted amount
This definition links "Price" to a discounted rate offered to the buyer.
"Price" means the amount payable by the buyer for the goods or services, as discounted from the original price, and as agreed upon by both parties in this contract.
Definition of "Price" as a market rate
This definition ties "Price" to a market-based rate that may fluctuate.
"Price" refers to the market rate for the goods or services at the time of delivery or performance, as determined by current market conditions.
Definition of "Price" as a negotiated price with terms
This definition connects "Price" to a negotiated amount with specific terms attached.
"Price" means the negotiated amount for the goods or services, which includes specific terms regarding payment, delivery, and any other contractual conditions.
Definition of "Price" as a rate determined by a third party
This definition links "Price" to a rate set by an independent third party.
"Price" refers to the amount determined by a third-party valuation or pricing authority, in accordance with industry standards or market conditions at the time of the transaction.
Definition of "Price" as a deposit and balance payment
This definition ties "Price" to the deposit and balance due for the goods or services.
"Price" means the total amount for the goods or services, to be paid in two installments: a non-refundable deposit at the time of signing and the remaining balance upon delivery or completion.
Definition of "Price" as an exclusive price
This definition connects "Price" to an exclusive rate for a particular party.
"Price" refers to the exclusive amount agreed upon for the buyer, which may not be offered to any other parties under similar terms.
Definition of "Price" as a conditional amount
This definition applies "Price" to a conditional amount that depends on certain factors.
"Price" means the amount payable, which is conditional upon the fulfillment of specific requirements, such as delivery or completion milestones set forth in the contract.
Definition of "Price" as a flexible amount
This definition ties "Price" to the flexibility of being determined by certain factors.
"Price" means an amount that is subject to adjustment based on changes in market conditions, cost of production, or other agreed-upon factors as outlined in this agreement.
Definition of "Price" as a negotiated fixed rate
This definition connects "Price" to a negotiated fixed rate for the goods or services.
"Price" refers to the negotiated fixed amount to be paid for the goods or services, which shall remain unchanged throughout the duration of this contract.
Definition of "Price" as the cost per unit
This definition links "Price" to the cost charged per individual unit.
"Price" means the cost for each unit of goods or services provided, as agreed upon between the parties and specified in this contract.
Definition of "Price" as a one-time payment
This definition applies "Price" to a one-time payment structure.
"Price" refers to a single, one-time payment for the full purchase of the goods or services, which will not be subject to future adjustments.
Definition of "Price" as a total amount due
This definition ties "Price" to the total amount due for the transaction.
"Price" means the total amount due for the goods or services as outlined in this agreement, which includes all applicable charges, taxes, and fees.
Definition of "Price" as an amount due on delivery
This definition connects "Price" to an amount payable upon delivery.
"Price" refers to the sum due for the goods or services, payable upon delivery or completion of the contract's terms.
Definition of "Price" as a fixed and non-negotiable amount
This definition links "Price" to a non-negotiable figure.
"Price" means a fixed and non-negotiable amount for the purchase of goods or services, as set forth in this agreement, and not subject to alteration or negotiation.
Definition of "Price" as an amount calculated based on quantity
This definition connects "Price" to a variable amount calculated based on the quantity of goods or services.
"Price" refers to the amount determined by the quantity of goods or services ordered, as outlined in this agreement, with per-unit pricing based on agreed-upon rates.
Definition of "Price" as a discount-inclusive amount
This definition links "Price" to an amount inclusive of any agreed-upon discounts.
"Price" means the total amount payable, which includes any discounts applied to the original listed price as per the terms of this agreement.
Definition of "Price" as a minimum price
This definition ties "Price" to a minimum amount for the transaction.
"Price" refers to the minimum amount payable for the goods or services, which will not be reduced under any circumstances.
Definition of "Price" as a standard industry rate
This definition connects "Price" to an amount based on industry standards.
"Price" means the amount charged for the goods or services, determined by standard industry rates or comparable market conditions at the time of the transaction.
Definition of "Price" as a price subject to change
This definition links "Price" to the possibility of change due to certain circumstances.
"Price" refers to the amount that may be subject to change based on fluctuations in external factors such as supply costs or government-imposed regulations.
Definition of "Price" as a negotiable amount
This definition ties "Price" to the negotiation between the parties.
"Price" means the amount that is negotiable and will be agreed upon by both parties during the term of the contract.
Definition of "Price" as a value-based amount
This definition connects "Price" to a value-based determination.
"Price" refers to an amount determined based on the perceived value of the goods or services, as mutually agreed by both parties involved.
Definition of "Price" as a refundable deposit
This definition links "Price" to a refundable deposit structure.
"Price" means the refundable deposit required by the seller from the buyer before the goods or services are delivered, with the remaining balance due upon completion.
Definition of "Price" as an amount based on cost-plus
This definition connects "Price" to a cost-plus pricing model.
"Price" refers to the amount equal to the cost of producing or procuring the goods or services, plus a specified percentage markup for profit, as outlined in the contract.
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.