How is Consulting Fees defined in a legal contract?
- Consulting Fees means the charges made to a customer by a service provider in exchange for advisory services. Seen in 4 SEC filings.
- Consulting Fees means the fees charged by a third-party actuary, benefits consultant, or accountant as a direct result of rectifying an actual or potential breach of fiduciary duty, excluding any fees, costs or expenses related to a routine or regularly scheduled plan audit or an audit or review for the purpose of identifying or assessing the extent of loss resulting from such a breach of fiduciary duty. Seen in 4 SEC filings.
Please note that definitions including specific organizational details and schedules have been removed according to the guidelines.
Note: 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.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 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.
Genie Definition 1
- Consulting Fees means charges by [service provider] for supplying advisory services to a [customer or third-party].
Relevant Contract Types
Relevant Circumstances
- Establishing a consulting relationship between client and consultant.
- Negotiating the details of a service provision agreement.
- Formalizing an agreement between two parties for a project.
Relevant Sectors
Genie Definition 2
- Consulting Fees means fees by a third-party due to rectification of fiduciary breach, excluding audit-related charges.
Relevant Contract Types
Relevant Circumstances
- Rectification of a breach of fiduciary duty
- Excluding fees associated with routine audits
Relevant Sectors
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Consulting Fees means charges by [service provider] for supplying advisory services to a [customer or third-party].
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