Approaches to Value Clause Samples
The "Approaches to Value" clause defines the methods or standards used to determine the value of an asset, property, or business within a contract. Typically, it outlines specific valuation techniques such as market comparison, income capitalization, or cost approach, and may specify when each method should be applied depending on the context or asset type. This clause ensures that all parties have a clear, agreed-upon framework for assessing value, thereby reducing disputes and providing predictability in transactions involving valuation.
Approaches to Value. 3.4.1 The valuation of property for the revaluation shall be completed by utilizing recognized approaches to value, which may include, but not be limited to:
Approaches to Value. The assessor shall consider the cost, market, and income approaches in the valuation of all vacant and improved parcels of property as appropriate.
