Define: Fully Loaded Cost

How is Fully Loaded Cost defined in a legal contract?

• Fully Loaded Cost means the direct expense of a particular good, product or service, in addition to indirect charges and overhead that can be reasonably allocated to the delivery of such good, product or service, in line with US GAAP standards.
  Seen in 43 SEC filings.
• Fully Loaded Cost means the upfront payment for a good or service, plus all relevant indirect charges and overhead.
  Seen in 40 SEC filings.
• Fully Loaded Cost means the immediate cost of an applicable good, product or service, as well as any indirect charges or overhead that can be reasonably associated with the provision of such good, product or service, as per US GAAP.
  Seen in 14 SEC filings.
• Fully Loaded Cost means for either [organization], its cost of production, performance or acquisition of any items or services, in compliance with Generally Accepted Accounting Principles, and applied uniformly. This cost includes any royalties payable by the firm in relation to manufacturing, performing or acquiring any items or services. The Fully Loaded Cost does not include general corporate allocations or other allocations unrelated to the manufacturing, performance or acquisition of the item or service in question.
  Seen in 6 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of fully loaded cost’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Fully Loaded Cost means direct and indirect expenses, including overhead, related to the provision of a good, product, or service, under [applicable accounting standards].

Relevant Contract Types

• Supply Contracts
• Service Level Agreements
• Manufacturing Agreements
• Provide Services Agreement

Relevant Circumstances

• Asset Purchases
• Agreements involving provision of materials or services
• Agreements stipulating compensation
• Business partnerships

Relevant Sectors

• Construction
• Manufacturing
• Retail

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Genie Definition 2

• Fully Loaded Cost means the cost of manufacturing, performing, or acquiring items or services, including royalties payable but excluding irrelevant allocations, under [applicable accounting standards].

Relevant Contract Types

• Manufacturing Agreements
• Supply Contracts
• Franchise Agreements
• Licence Agreements

Relevant Circumstances

• Partnerships involving production or manufacturing
• Situations requiring allocation of overhead costs
• Deals involving procurement of services or goods

Relevant Sectors

• Retail
• Franchising
• Automotive
• Information Technology

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