How is Service Income defined in a legal contract?
- Service Income means the total amount billed by an invoicing entity for executing licensed services. Seen in 6 SEC filings.
- Service Income means all considerations and amounts received by [organization] carry out services. If non-monetary considerations are received in connection with any services, the service income is calculated based on the market value of such considerations. Seen in 4 SEC filings.
- Service Income means (i) the total amount billed by [organization] and its affiliates for offering licensed services; and (ii) any payments received by [organization] or an affiliate, other than payments received following clause (i) of this section, including upfront or periodic fees, bonuses, royalties, profit, and revenue sharing payments, compensated for the execution of licensed services. Seen in 4 SEC filings.
- Service Income means revenue from services that are related to hotel operation, excluding accommodation and lease income. Seen in 3 SEC filings.
- Service Income means sales from licensed services. However, it does not incorporate any attributed income. Seen in 2 SEC filings.
- Service Income means net sales regarding licensed services. Keep in mind that this does not cover any attributed income. Seen in 2 SEC filings.
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
- Service Income means total amount invoiced for executing services.
Relevant Contract Type
Relevant Circumstances
- When a business hires an independent contractor for a specific service.
- When a consulting entity is engaged in providing expert services for a fee.
- When freelancers are involved to perform a certain task or service.
Relevant Sectors
Genie Definition 2
- Service Income means all considerations and amounts received for providing services.
Relevant Contract Type
Relevant Circumstances
- When a business engages in licensing its intellectual property or product.
- When partnerships are made to join resources for mutual benefits.
Relevant Sectors
Genie Definition 3
- Service Income means sales from providing licensed services, excluding attributed income.
Relevant Contract Type
Relevant Circumstances
- When a software development firm is engaged for developing a specific software.
- When a company hires a developer for web development services.
Relevant Sectors
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Service Income means total amount invoiced for executing services
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