Reasonable fees Definition | Law Insider (2024)

Reasonable fees

means transaction, rental, or other periodic charges which are directly related to the cost of furnishing a particular service, and which are proportionate to actual usage of the service by all persons using the service competing in the same market area and may include a return on invested capital and an initial entry fee charged for the purpose of recovering noncapitalized development costs. The fees shall be negotiated on a fair and equitable basis between the parties who shall not conspire to set a fee with the purpose of destroying or preventing competition.

Reasonable fees

means fees that defray the direct and indirect costs that CBK incurs in providing the service or services for which the fee is charged; and

Reasonable fees

means the fee charged does not exceed the actual cost to the school district or children with disabilities education board of the materials supplied to pupils or activities engaged in by pupils.

Examples of Reasonable fees in a sentence

  • If during a Period of Insurance and Effective Time an Insured Person receives Emergency Dental Treatment, Chubb will pay Reasonable Fees for the necessary treatment and services provided for all such Dental Treatment up to the Benefit Amount stated in the Schedule of Benefits for each Period of Insurance.

  • Reasonable Fees Fees not exceeding the published private fee rates normally charged by the treating Dentist for private and uninsured treatment in the location where treatment is given and which, in the opinion of Chubb, are reasonably in line with those charged by the private Dentist in that area for providing the treatment concerned on an uninsured basis.

  • Subject to the Exclusions and Limitations hereinafter stated, the following is a brief Description of Covered Dental Services when such services are rendered by a licensed dentist and when necessary and customary, as determined by the standards of generally accepted dental practice: This program pays the following percent of the Usual, Customary and Reasonable Fees.

  • Reasonable Fees shall mean: With respect to each component of Bonds, the gross fee for that component of bonds multiplied by the ratio that is the total amount of time, in months, that have passed since the execution of this Agreement divided by the total amount of time, in months, necessary to financial closing of the component of Bonds in question.

  • Reasonable Fees shall mean: With respect to each Issue, the gross fee for that component of bonds multiplied by the ratio that is the total amount of time, in months, that have passed since the execution of this Agreement divided by the total amount of time, in months, necessary to financial closing of the component of the Issue.


More Definitions of Reasonable fees

Reasonable fees

means the daily fee charged to families is one that reflects the cost of care being provided.

Reasonable fees

means fees that defray the direct and indirect costs that Central Payments Office incurs in providing the service or services for which the fee is charged.

Reasonable fees

means those fees that are reasonably claimed in all the circ*mstances, the appropriate measure of reasonableness being the standard basis as described in Part 44 of the Civil Procedure Rules 1998.

Sample 1Sample 2

Reasonable fees

or “Reasonable Attorney’s Fee” are defined in Section III(D)(1)(i) as twenty-five percent of the Gross Recovery. In the event that a court determines that this fee definition is unenforceable, reasonable fees will mean such fees as is reasonably determined by taking into account the amount of time spent on the Legal Action by the Firms and associate counsel retained by the Firms, the value of that time, the complexity of the Legal Action, the benefit conferred on the City, and the financial risk to the Firms and associate counsel by their agreeing to represent the City in the Legal Action and to invest time and advance Costs without compensation or reimbursem*nt in the event that there is no Gross Recovery or a Recovery that does not fully compensate or reimburse the Firms and associate counsel for their time and advanced Costs.

Sample 1

Reasonable fees

or “Reasonable Attorney’s Fee” means such fees as is reasonably determined by taking into account the amount of time spent on the Legal Action by the Firms and associate counsel retained by the Firms, the value of that time, the complexity of the Legal Action, the benefit conferred on Client, and the financial risk to the Firms and associate counsel by their agreeing to represent Client in the Legal Action and to invest time and advance Costs without compensation or reimbursem*nt in the event that there is no Net Recovery or a Net Recovery that does not fully compensate or reimburse the Firms and associate counsel for their time and advanced Costs.

Sample 1

Reasonable fees

means those fees that are reasonably claimed in all the circ*mstances, the appropriate measure of reasonableness being the standard basis as described in Part 44 of the Civil Procedure Rules 1998. “Success Fee” Shall mean the percentage of Ordinary Fees that is added to those fees if the Lay Client Wins the Claim. “Trial” Shall mean the final contested hearing or the contested hearing of any issue to be tried separately. (NB a reference to a claim concluding at trial includes a claim settled after the trial has commenced or a judgment.) “Win”, “Won”, etc Shall mean that the Claim is Finally decided in the Lay Client’s favour in that, in a claim for money, the Lay Client is awarded any monies at all; an award of costs which includes Counsel’s fees will be regarded as being a Win. Where the Claim is not a money claim, “Win” will be defined by reference to the remedy or result sought. For the avoidance of doubt, a compromise that achieves benefit for the client will amount to a Win. .

Sample 1

Reasonable fees

means the fee charged does not exceed the actual cost to the private school of the materials sup- plied to pupils or activities engaged in by pupils.

Reasonable fees Definition | Law Insider (2024)

FAQs

Reasonable fees Definition | Law Insider? ›

Reasonable fees means those fees that are reasonably claimed in all the circ*mstances, the appropriate measure of reasonableness being the standard basis as described in Part 44 of the Civil Procedure Rules 1998.

What is the legal definition of reasonable cost? ›

A cost is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person under the circ*mstances prevailing at the time the decision was made to incur the cost.

What is the legal definition of fees? ›

In common parlance, a fee is a payment or charge for services rendered, usually in the form of money or property. In legal and property contexts, however, a fee can also be a heritable interest in land, such as a fee simple.

What is within reasonable cost? ›

Cost which, in its nature and amount, does not exceed that which would be incurred by a prudent person in the conduct of a competitive business.

What does paid at reasonable cost mean? ›

Reasonable cost means cost actually incurred, to the extent that cost is necessary for the efficient delivery of the service, and subject to the exclusions specified in paragraph (d) of this section.

What is the definition of a reasonable fee? ›

Reasonable fees means transaction, rental, or other periodic charges which are directly related to the cost of furnishing a particular service, and which are proportionate to actual usage of the service by all persons using the service competing in the same market area and may include a return on invested capital and ...

How is reasonable defined in law? ›

Just, rational, appropriate, ordinary, or usual in the circ*mstances. It may refer to reasonable care, cause, compensation, doubt (in a criminal trial), and a host of other actions or activities.

What is the definition of fee in Black's Law Dictionary? ›

491.In modern English tenures, “fee” signifies an estate of Inheritance, being the highestand most extensive interest which a man can have in a feud; and when the term isused simply, without any adjunct, or In the form “fee-simple,” It Imports an absoluteInheritance clear of any condition, limitation, or restriction to ...

What is the legal definition of fee simple? ›

Fee simple is a legal term used in real estate that means full and irrevocable ownership of land, and any buildings on that land. Fee simple is the highest form of ownership — it means the land is owned outright, without any limitations or restrictions other than local zoning ordinances.

What is the term for legal fees? ›

Attorney's Fees/Attorneys' Fees, or Attorney fees are the amounts billed to a client for legal services performed on their behalf. Attorney fees may be hourly, contingent, flat, or hybrid. Nonrefundable fees are prohibited in some states.

What are reasonable costs? ›

Reasonable Costs means appropriate and fair expenses which are not excessive or extreme in matters of pricing. Based on 14 documents.

What makes a cost reasonable? ›

A determination that a price is fair and reasonable is really a conclusion that the proposed price is fair to both parties, considering the quality, delivery, and other factors.

What is the meaning of reasonable charges? ›

Reasonable charges means charges which are made for care, services or supplies at a level usually furnished for cases that are of the nature and severity of the case being treated.

What is a reasonable cost? ›

A cost is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person under the circ*mstances prevailing at the time the decision was made to incur the cost. In other words, a reasonable cost is a cost that is both fair and equitable for the type of work being performed.

What is reasonable cost legal? ›

REASONABLE COST Definition & Legal Meaning

Reasonable cost is a price that is consistent with what a reasonable person would pay in the same or similar circ*mstances for the same business or for the same or similar item.

What is the reasonable cost principle? ›

A cost may be considered reasonable if the nature of the goods or services acquired or applied and the associated dollar amount reflect the action that a prudent person would have taken under the circ*mstances prevailing when the decision to incur the cost was made.

What is the meaning of reasonable price? ›

If you say that the price of something is reasonable, you mean that it is fair and not too high. reasonably adverb [ADVERB with verb]

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