Foundation costs Sample Clauses
The 'Foundation costs' clause defines which party is responsible for the expenses associated with constructing or preparing the foundations necessary for a project. Typically, this clause outlines what types of foundation work are included, such as excavation, concrete pouring, or soil stabilization, and may specify whether these costs are included in the contract price or billed separately. Its core practical function is to allocate financial responsibility for foundational work, thereby preventing disputes over unexpected costs and ensuring both parties have a clear understanding of their obligations.
Foundation costs. The cost of founding the UCITS and the initial issue of units shall be amortised over a period of 5 years at the expense of the assets.
Foundation costs. For the execution of the Services described a new company has to be founded in the IT-systems causing a foundation expence of FIM 20.000, which will be paid by the Client. In case the foundation costs are less than FIM 20.000,- the charge will be corrected accordingly.