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How is Training Costs defined in a legal contract?

• Training Costs means reasonable expenses incurred to enhance the technological skills of Full-Time Employees. This includes costs related to curriculum development, training materials, domestic travel expenses for training, instructor costs, and the rent or purchase of training equipment. However, training costs do not encompass expenses related to overseas travel, wages and benefits of employees during training, administrative costs related to Full-Time Employees, or any payment made to an affiliate of the company. Seen in 35 SEC filings.
• Training Costs means a fixed dollar amount determined by the board, which includes specific costs. Seen in 15 SEC filings.
• Training Costs means reasonable costs incurred for training and education related to sensitivity, anti-harassment, minority development or diversity programs, but only when required under the terms of a settlement, judgment or consent decree. Seen in 9 SEC filings.
• Training Costs means the necessary costs for instruction, instructional materials, facility fees, and other costs related to the delivery of training. However, employee wages and curriculum development costs are not covered. Seen in 5 SEC filings.
• Training Costs means the costs for training individuals involved in Project-supported activities including seminars, study tours, and workshops. This includes travel and subsistence costs for training participants, costs associated with securing services of trainers, rental of training facilities, preparation and reproduction of training materials, and other costs directly related to training preparation and implementation. Seen in 5 SEC filings.

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

• Training Costs means reasonable expenses for enhancing Full-Time Employees' skills, excluding employee wages during training and trips outside [Country].

Relevant Contract Types

• Employment Contract
• Consultancy Agreement
• Software Development Agreement

Relevant Circumstances

• When an organization wishes to provide training to improve the skills of its full-time employees.
• When a consulting firm or external training provider is contracted to provide training services.

Relevant Sectors

• Education and Training Services
• Consulting Services
• Information Technology

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Genie Definition 2

• Training Costs means necessary expenses for instruction materials, facility fees, and other related costs to deliver training, excluding curriculum development.

Relevant Contract Types

• Training Services Agreement
• Professional Services Contract

Relevant Circumstances

• When a company seeks to engage an external or internal team to prepare and deliver specific training programs.
• When an institution or organization plans to run training workshops or seminars and needs to budget for related costs.

Relevant Sectors

• Corporate Training
• Professional Development
• Research and Development

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