Common use of Size of Business Clause in Contracts

Size of Business. (The current number of people as defined here who work at or are associated with the applicant at this office location.) Size of Business must be greater than zero (0) and is to include all owners, officers and partners, where each person counts as one (1). In addition, it includes all managers, attorneys, collectors, paralegals, support and all other staff*, where the hours of part-time people may be added together to determine a full-time equivalent (FTE) whole number. This FTE number added to the number of owners, officers, partners and full-time people equals your total count. Diversified entities (such as a law firm with consumer litigation defense and real estate practice areas) may exclude individuals working solely in areas unrelated to accounts receivable management. *Other staff includes, but is not limited to, staff working off-site but reporting to the member location; i.e., outside sales personnel, virtual support, etc.