LIMIT ON RATE BILLED (a Clause Samples
The "Limit on Rate Billed" clause sets a maximum allowable rate that can be charged for services or goods under the agreement. In practice, this means that even if a service provider's standard rates increase or market rates fluctuate, the amount billed to the client cannot exceed the specified cap. This clause is commonly used in contracts to control costs and prevent unexpected or excessive charges, ensuring budget predictability and protecting the client from rate inflation.
LIMIT ON RATE BILLED (a. The RTC agrees to limit charges for services to TRICARE beneficiaries to the rate set forth in this agreement. (b) The RTC agrees to charge only for services to TRICARE beneficiaries that qualify within the limits of law, regulation, and this agreement.