Costs of Goods Clause Samples

The "Costs of Goods" clause defines which expenses are included in the calculation of the cost for products or materials supplied under an agreement. Typically, this clause outlines whether costs such as raw materials, labor, shipping, taxes, and overhead are included or excluded, and may specify how these costs are to be documented or adjusted. By clearly delineating what constitutes the cost of goods, this clause helps prevent disputes over pricing and ensures both parties have a mutual understanding of financial responsibilities.
Costs of Goods. The Parties acknowledge and agree that in the event an unforeseen cost arises that is not specified below, they shall negotiate in good faith whether such cost is an allowable cost. For the purpose of calculating the cost of Product a standard costing approach is to be applied in accordance with the Accounting Standard. The following types of expenses shall be included:
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Costs of Goods. Net Revenue first will be allocated between the Parties to reimburse them for the Fully Absorbed Cost of Goods incurred by the Parties in such calendar year.
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Related to Costs of Goods

  • Unallowable Costs Defined All costs (as defined in the Federal Acquisition Regulation, 48 C.F.R. § 31.205-47; and in Titles XVIII and XIX of the Social Security Act, 42 U.S.C. §§ 1395-1395lll and 1396-1396w-5; and the regulations and official program directives promulgated thereunder) incurred by or on behalf of NICA, its present or former officers, directors, employees, shareholders, and agents in connection with: i. the matters covered by this Agreement; ii. the United States’ audit(s) and civil investigation(s) of the matters covered by this Agreement; iii. NICA’s investigation, defense, and corrective actions undertaken in response to the United States’ audit(s) and civil investigation(s) in connection with the matters covered by this Agreement (including attorneys’ fees); iv. the negotiation and performance of this Agreement; and v. the payment NICA makes to the United States pursuant to this Agreement and any payments that NICA may make to Relators, including costs and attorneys’ fees are unallowable costs for government contracting purposes and under the Medicare Program, Medicaid Program, TRICARE Program, and Federal Employees Health Benefits Program (FEHBP) (hereinafter referred to as Unallowable Costs).

  • Unallowable Costs Costs that are unallowable under other sections of these principles shall not be allowable under this section solely on the basis that they constitute personnel compensation.

  • Patent Costs Within 30 days after receiving a statement from Stanford, ***** will reimburse Stanford: (A) $ to offset Licensed Patent’s patenting expenses, including any interference or reexamination matters, incurred by Stanford before the Effective Date; and (B) for all Licensed Patent’s patenting expenses, including any interference or reexamination matters, incurred by Stanford after the Effective Date. In all instances, Stanford will pay the fees prescribed for large entities to the United States Patent and Trademark Office.

  • Amendment costs If (a) the Borrower requests an amendment, waiver or consent or (b) an amendment is required pursuant to Clause 27.9 (Change of currency), the Borrower shall, within three Business Days of demand, reimburse the Agent for the amount of all costs and expenses (including legal fees) reasonably incurred by the Agent in responding to, evaluating, negotiating or complying with that request or requirement.

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

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