Time and Charges Clause Samples

The 'Time and Charges' clause defines how time spent and costs incurred by a party, typically a service provider, will be measured and billed under the agreement. It usually outlines the basis for charging—such as hourly rates, daily rates, or fixed fees—and may specify what types of expenses are reimbursable, how time is recorded, and the process for invoicing. This clause ensures transparency and predictability in billing, helping both parties understand their financial obligations and avoid disputes over payment.