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How is Running Bill defined in a legal contract?

• Running Bill means an invoice that is fully supported, provided to [organization] by the contractor at pre-determined times, which contains necessary information and meets all requirements stated in the contract. Seen in 13 SEC Filings
• Running Bill means a bill that is given monthly for work done by the contractor. Seen in 1 SEC Filing

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.

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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.

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Genie Definition 1

• Running Bill means an invoice, delivered at agreed times, containing necessary information, permitted globally.

Relevant Contract Types

• Service Agreement
• Consulting Agreement
• Contractor Agreement

Relevant Circumstances

• Long-term projects with periodic payments
• Services provided on a recurring basis
• Contracts involving monthly deliverables

Relevant Sectors

• Information Technology
• Professional Services
• Construction

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Genie Definition 2

• Running Bill means a monthly bill for completed work.

Relevant Contract Types

• Subscription Agreement
• Maintenance Agreement
• Lease Agreement

Relevant Circumstances

• Regular service provision on a monthly basis
• Ongoing relationships with predictable payments
• Any context where work is billed monthly

Relevant Sectors

• Property Management
• Telecommunications
• Utilities

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