Search results for: “Cost of wages/”

  • Cost

    Legal Definition and Related Resources of Cost Meaning of Cost The price paid for anything, outlay, expense. When a building contract refers to actual cost, the term is to be construed as meaning the amount which was in fact paid out for […]

  • Escalator Clause

    A clause in a contract that stipulates the increase, under certain conditions, of amounts to become due under the contract. The most common contracts containing escalator clauses are leases and wage settlement contracts. A lease may provide for increase in rents, proportionate to the […]