No Markup Sample Clauses
The "No Markup" clause prohibits a party from adding any additional charges, fees, or profit margins to the actual cost of goods or services provided under the agreement. In practice, this means that if a contractor purchases materials or hires subcontractors, they must bill the client only for the exact amount paid, without inflating the price. This clause ensures transparency in billing and prevents hidden costs, ultimately protecting the client from overpaying and ensuring fair pricing.
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No Markup. The Parties agree that in respect of any costs or expenses incurred by WBRDC with respect to any non-Affiliated third party sublicensee, all costs will be charged by WBRDC on a cost recovery basis with no markup.
No Markup. No markup, profit margin, rate of return, or any other such number, factor, or rate shall be applied by Service Provider in any manner in any calculation performed pursuant to the Method. This principle shall not pertain to Cost of Capital.
No Markup. The Parties agree that in respect of any costs or expenses incurred by ▇▇▇ with respect to any non-Affiliated third party sublicensee, all costs will be charged by ▇▇▇ on a cost recovery basis with no markup.
No Markup. The Parties agree that in respect of any costs or expenses incurred by the licensee Party with respect to any non-Affiliated third party sublicensee, all costs will be charged by the licensee Party on a cost recovery basis with no markup.
No Markup. This option doesn't show any changes.
No Markup. In no event shall NAES add any mark-up to the Operating Costs or the Reimbursable Costs, provided however that (i) contracts to be performed by an Affiliate or division of NAES and (ii) Home Office Personnel time for Phase I work or extra work under Section 14.6.2 shall not be subject to this limitation, if approved by Owner consistent with the requirements of this Agreement.