Common use of DEFINITION OF REASONABLE COST Clause in Contracts

DEFINITION OF REASONABLE COST. (1) A cost is reasonable if, in nature and amount, it does not exceed that which would be incurred by an ordinary prudent person in the conduct of a competitive business.

Appears in 6 contracts

Samples: www.ic.gc.ca, ised-isde.canada.ca, MIGENIX Inc.

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DEFINITION OF REASONABLE COST. (1) A cost is reasonable if, in nature and amount, amount it does not exceed that which would be incurred by an ordinary prudent person in the conduct of a competitive business.

Appears in 2 contracts

Samples: Mitel Networks Corp, Mitel Networks Corp

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