Define: Payment for Services

How is Payment for Services defined in a legal contract?

• Payment for Services means the legitimate recovery of costs from members and parties for services provided according to the appendix.
  Seen in 3 SEC filings.
• Payment for Services means the compensation received for services related or incidental to operations like harvesting, hauling, or chipping. It does not involve the transfer of ownership of the materials involved.
  Seen in 2 SEC filings.
• Payment for Services means a compensation arrangement where a contractor receives payment for services provided, accounting for their time, effort, and any related travel expenses. This compensation does not include any other travel reimbursements for services provided under the contract.
  Seen in 2 SEC filings.
• Payment for Services means the act of compensating an importer for services carried out, typically calculated per transaction or amendment at an agreed-upon price.
  Seen in 1 SEC filing.
• Payment for Services means an arranged payment to a designer for the services outlined in Article 1.1. This payment is expected within a certain timeframe following the effective date of the agreement and is due before the completion of the services.
  Seen in 1 SEC filing.
• Payment for Services means the remuneration for services in forms such as salary, additional compensation, consulting fees, or honoraria.
  Seen in 1 SEC filing.
• Payment for Services means a fixed monthly payment made instead of all board of directors’ meeting and committee fees.
  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 payment for services’ 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

• Payment for Services means the agreed-upon compensation provided for services rendered, not involving ownership transfer, and excluding any other additional allowances like travel expenses.

Relevant Contract Types

• Service Agreement
• Consulting Agreement
• Independent Contractor Agreement

Relevant Circumstances

• Payment for services rendered by a consultant or contractor.
• When compensation needs to be provided for services without transfer of ownership.
• When it’s required to exclude additional allowances from service payment.

Relevant Sectors

• Consulting Services
• Professional Services
• Freelancing Services

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Genie Definition 2

• Payment for Services means income derived from career roles or engagements, recognized in forms such as salary, additional compensation, consulting fees, or honoraria.

Relevant Contract Types

• Employment Agreement
• Compensation Agreement

Relevant Circumstances

• Transactions involving salary, additional compensation, consulting fees, or honoraria.
• When the income source is derived from career roles or engagements.

Relevant Sectors

• Human Resources
• Corporate Services

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