Gross Revenue
/ˈɡroʊs ˈrɛvəˌnu/
Definitions
- (n.) The total income generated by a business from all sources before any deductions or expenses.
The contract specifies that royalties will be calculated based on the company's gross revenue.
Related terms
See also
Commentary
In legal agreements, specifying gross revenue often affects payment calculations, so clarity regarding included sources is essential.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.