Define: Net Service Revenue

How is Net Service Revenue defined in a legal contract?

• Net Service Revenue means the complete funds received for providing services using a licensed service as an essential part of the service provision. Seen in 5 SEC filings
• Net Service Revenue means the gross service revenue minus taxes and fraud allowance, with each term's meaning as featured in the borrower and its consolidated subsidiaries' consolidated statement of income. Seen in 4 SEC filings
• Net Service Revenue means revenue collected from customers during the revenue period, after all costs associated directly with the business performance have been deducted. Seen in 3 SEC filings
• Net Service Revenue means the revenue received when a service is performed using licensed products. Seen in 2 SEC filings
• Net Service Revenue means the revenue received as a result of providing a third party with licensed services excluding the developments of licensed products. Seen in 2 SEC filings
• Net Service Revenue means the total revenues from specific services excluding several specific revenues, then subtracting payments to certain service providers and resellers. Seen in 2 SEC filings
• Net Service Revenue means the difference arising when gross revenues from services performed under contracts have deducted all other direct costs paid or payable to third parties. Seen in 1 SEC filing

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 net service revenue' 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

Net Service Revenue means the total received from offering services using licensed products, minus related direct costs paid to third parties.

Relevant Contract Types

• Service Agreement
• Licensing Agreement
• Consulting Agreement

Relevant Circumstances

• When a company provides a service using a licensed product.
• When a company calculates revenue after direct costs.

Relevant Sectors

• Information Technology
• Consulting
• Legal Services

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Genie Definition 2

Net Service Revenue means gross service revenue reduced by deductions such as taxes, fraud allowances and direct costs related to service provision.

Relevant Contract Types

• Sales Agreement
• Partnership Agreement

Relevant Circumstances

• When a company needs to calculate gross revenue less certain deductions.
• In settings where the revenue is subject to taxes, fraud allowances or other related costs.

Relevant Sectors

• Financial Services
• Sale of Goods
• Retail

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