Pricing Model
/ˈpraɪsɪŋ ˈmɒdəl/
Definitions
- (n.) A structured approach or formula used in contracts or business arrangements to determine the cost of goods or services.
The contract specified a pricing model based on volume discounts and delivery schedules.
Forms
- pricing model
- pricing models
Related terms
See also
Commentary
Pricing models must be clearly defined in contracts to avoid disputes over payment terms.
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.