Upset definition: Copy, customize, and use instantly
Introduction
The term "Upset" refers to a predetermined amount, limit, or threshold in a contractual or financial context. It is essential for establishing financial ceilings, risk limitations, and control over expenses or valuations in agreements.
Below are various examples of how "Upset" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Upset" as a cost ceiling
This definition ties "Upset" to the maximum allowable cost in a contractual arrangement.
"Upset" means the maximum amount payable for a particular project, service, or expense, beyond which additional authorization is required.
Definition of "Upset" as a bid limit
This definition connects "Upset" to the highest acceptable bid in a bidding process.
"Upset" refers to the highest bid amount permitted in a procurement or auction process, ensuring cost control and budget adherence.
Definition of "Upset" as a contract price cap
This definition links "Upset" to financial limits in contract pricing.
"Upset" means the fixed upper limit on contract pricing, beyond which additional costs shall not be incurred without mutual agreement.
Definition of "Upset" as an expenditure threshold
This definition applies "Upset" to spending limits in financial planning.
"Upset" refers to the maximum authorized expenditure for a specific project or operational activity.
Definition of "Upset" as a valuation cap
This definition ties "Upset" to limits on asset valuation in financial assessments.
"Upset" means the highest allowable valuation for an asset, investment, or transaction as defined by the parties.
Definition of "Upset" as a risk control measure
This definition connects "Upset" to financial risk mitigation.
"Upset" refers to the predefined limit on financial exposure to mitigate risks and maintain fiscal responsibility.
Definition of "Upset" as a budgetary constraint
This definition links "Upset" to budget enforcement in financial agreements.
"Upset" means the maximum budget allocation for a specified purpose, ensuring financial discipline.
Definition of "Upset" as a loan limit
This definition applies "Upset" to borrowing restrictions in financial agreements.
"Upset" refers to the highest principal amount that may be borrowed under a particular financing arrangement.
Definition of "Upset" as an insurance cap
This definition ties "Upset" to financial limits in insurance policies.
"Upset" means the maximum payout amount specified in an insurance policy, beyond which coverage is not provided.
Definition of "Upset" as a project funding limit
This definition connects "Upset" to restrictions on project funding.
"Upset" refers to the financial ceiling on funds allocated for a specific project, ensuring cost containment.
Definition of "Upset" as a settlement cap
This definition links "Upset" to financial limits in dispute resolution.
"Upset" means the highest monetary amount payable under a settlement agreement.
Definition of "Upset" as a procurement threshold
This definition applies "Upset" to purchasing controls in procurement.
"Upset" refers to the maximum purchase amount authorized for a single transaction within procurement policies.
Definition of "Upset" as a tax liability cap
This definition ties "Upset" to financial constraints in tax matters.
"Upset" means the upper limit of tax liability an entity or individual is required to pay under applicable regulations.
Definition of "Upset" as a contingency reserve limit
This definition connects "Upset" to financial reserves for unexpected costs.
"Upset" refers to the highest allowable allocation for contingency reserves in financial planning.
Definition of "Upset" as an investment ceiling
This definition links "Upset" to constraints in investment agreements.
"Upset" means the maximum amount an investor may contribute to a particular venture or fund.
Definition of "Upset" as a legal damages cap
This definition applies "Upset" to damage limitations in legal agreements.
"Upset" refers to the highest recoverable amount in damages under a contractual dispute.
Definition of "Upset" as a construction cost cap
This definition ties "Upset" to spending limits in construction contracts.
"Upset" means the maximum amount allocated for construction expenses under the agreed contract terms.
Definition of "Upset" as an operational spending limit
This definition connects "Upset" to daily operational expenditures.
"Upset" refers to the predefined ceiling on operational expenses within an organization.
Definition of "Upset" as an economic loss limitation
This definition links "Upset" to restrictions on economic losses in agreements.
"Upset" means the highest financial loss allowable under contractual obligations or statutory provisions.
Definition of "Upset" as a penalty cap
This definition applies "Upset" to financial penalties in agreements.
"Upset" refers to the maximum penalty amount that may be imposed under a contract.
Definition of "Upset" as a performance bond limit
This definition ties "Upset" to financial guarantees in bonding agreements.
"Upset" means the maximum obligation amount covered under a performance bond.
Definition of "Upset" as a liability exposure limit
This definition connects "Upset" to risk exposure control.
"Upset" refers to the predefined cap on financial liability exposure in commercial agreements.
Definition of "Upset" as a service contract cap
This definition links "Upset" to financial limitations in service agreements.
"Upset" means the highest allowable payment under a service contract.
Definition of "Upset" as a lease expenditure limit
This definition applies "Upset" to spending restrictions in lease agreements.
"Upset" refers to the maximum lease cost permitted under an agreement.
Definition of "Upset" as a licensing fee cap
This definition ties "Upset" to financial constraints in licensing agreements.
"Upset" means the upper limit of fees payable under a licensing agreement.
Definition of "Upset" as a supplier contract limit
This definition connects "Upset" to supplier payment restrictions.
"Upset" refers to the highest payment amount allowed under a supplier contract.
Definition of "Upset" as a litigation cost cap
This definition links "Upset" to spending limits on legal expenses.
"Upset" means the maximum litigation costs that may be reimbursed under a legal services agreement.
Definition of "Upset" as an escrow fund limit
This definition applies "Upset" to financial reserves held in escrow.
"Upset" refers to the highest deposit amount permitted in an escrow account.
Definition of "Upset" as a regulatory compliance cost cap
This definition ties "Upset" to regulatory expenses.
"Upset" means the upper limit of costs incurred to meet regulatory compliance requirements.
Definition of "Upset" as a credit facility limit
This definition connects "Upset" to credit issuance constraints.
"Upset" refers to the maximum borrowing amount available under a credit facility.
Definition of "Upset" as a performance milestone cap
This definition links "Upset" to financial caps on milestone payments.
"Upset" means the highest amount payable upon achieving contractual performance milestones.
Definition of "Upset" as an asset depreciation cap
This definition applies "Upset" to financial limits on asset depreciation.
"Upset" refers to the maximum allowable depreciation on an asset over its useful life.
Definition of "Upset" as a severance package limit
This definition ties "Upset" to compensation in employee terminations.
"Upset" means the highest severance compensation payable under employment termination provisions.
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.