Hourly Rate
/ˈaʊərli reɪt/
Definitions
- (n.) A fixed amount of money charged or paid for each hour of work or service, commonly used in contracts and billing.
The lawyer's hourly rate is $250 for consultation services.
Forms
- hourly rate
- hourly rates
Related terms
See also
Commentary
The term is frequently used in service agreements and legal billing; clarity in defining the scope of billable hours is advised.
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.