How is Invoice Value defined in a legal contract?
- Invoice Value means the sums billed by a supplier to a distributor for any products, subtracting any taxes, duties, or levies as well as any costs for transportation or insurance included in the invoice. Seen in 5 SEC filings.
- Invoice Value means the total charged by a supplier to a buyer for any products minus any amounts for transportation or insurance included in the invoice; Seen in 2 SEC filings
- Invoice Value means the actual cost of the purchased equipment and does not include costs related to the design, transportation, installation, taxes, and testing of such equipment, modification or other equipment or other related costs. Seen in 2 SEC filings
- Invoice Value means the price specified in the invoice issued by the supplier for the goods supplied, works completed or services rendered to the buyer, including the applicable tax. If a discount has been applied to the buyer or the buyer has paid an advance, the Invoice Value is the amount less the discount, advance, and tax. Seen in 1 SEC filing
- Invoice Value means the original amount paid by the insured for the purchase of the insured object, as evidenced by an invoice and includes any applicable discounts and taxes. Seen in 1 SEC filing
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Invoice Value means the sums billed, less discounts, advances, taxes, transportation, insurance, and additional expenses.
Relevant Contract Types
- Supply Contracts
- Purchase Agreements
- Service Agreements
- Vendor Contracts
- Construction Contracts
- Distribution Agreements
Relevant Circumstances
- Goods or services are being bought or sold
- Transportation or insurance costs are factored into the transaction
- A trade or business transaction involving multiple parties
- A transaction requiring itemized billing or invoices
Relevant Sectors
Genie Definition 2
Invoice Value means the actual cost of an insured purchase, inclusive of applicable discounts and taxes.
Relevant Contract Types
Relevant Circumstances
- An insurance policy is being purchased or claimed
- Covered goods or services are being bought or sold
Relevant Sectors
Invoice Value means the sums billed, less discounts, advances, taxes, transportation, insurance, and additional expenses
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