Clause Library
Costs and Expenses clause defines financial responsibilities, ensuring transparency in cost-sharing and preventing disputes over contract-related expenses.
9 examplesSourced from SEC EDGAR
A costs and expenses clause allocates who pays for costs connected to the deal itself, such as legal fees, due diligence, and filing fees, as distinct from the ongoing performance of the contract.
It's included so that transaction costs don't become a surprise or a dispute after the fact. Parties typically agree upfront whether each side bears its own costs or whether one side reimburses the other.
Check whether it covers only costs up to signing or also costs tied to closing conditions and post-signing cooperation, and whether there's a cap or a carve-out for costs caused by one party's own breach or delay. Some agreements also carry a separate, general expenses clause; the two are worth reading together.
Tenant shall be responsible for the reasonable costs and expenses of fabricating, installing and removing such signs and sign panel. In addition, Tenant shall reimburse Landlord for all reasonable costs and expenses incurred by Landlord for the maintenance, operation and repair of the signs.
Our operations, and those of our suppliers, third party manufacturers and other contractors and consultants could be subject to earthquakes, power shortages, telecommunications failures, water shortages, floods, hurricanes, typhoons, fires, extreme weather conditions, medical epidemics and other natural or man-made disasters or business interruptions. The occurrence of any of these business disruptions could seriously harm our operations and financial condition and increase our costs and expenses.
Each of Parent, HospitalCo Parent and the Company shall bear its own costs and expenses incurred in connection with such filings; provided that Parent shall cause Merger Sub to pay any filing fees and associated costs for third party consultants or counsel in connection therewith.
Except as contemplated by Section 8.9 below, each Party shall bear its own costs and expenses in connection with the execution and delivery of this Agreement and the performance hereof.
Manager shall be responsible for all costs and expenses necessary to operate and manage the Business and perform the Management Services as outlined in Schedule A, including, without limitation, all materials, inventory, equipment, vehicles, phones, computers and labor.
Awarding Plaintiff and the Class their reasonable costs and expenses incurred in this action, including counsel fees and expert fees.
In the event of any contest or dispute relating to this Agreement or the termination of Executive's employment hereunder, each of the parties shall bear its own costs and expenses.
Except as expressly set forth in this Agreement, each Party shall be solely responsible for all costs and expenses incurred by it in connection with providing or receiving the Services.
Each Party will pay its respective costs and expenses in connection with the negotiation, preparation, execution and implementation by each Party of the present Letter Agreement and of the final documentation and other arrangements contemplated under the present Letter Agreement.
All clause examples are sourced from publicly available SEC EDGAR filings. These clauses are provided for educational and reference purposes only and do not constitute legal advice. Always consult a qualified attorney before using any clause in your contracts.
