Define: Estimated Price

How is Estimated Price defined in a legal contract?

• Estimated Price means the cost, in unspecified currency, projected by the licensee for any wholesale or retail sale of undefined products and product updates, as specified in the approved application and order forms. Seen in 11 SEC Filings
• Estimated Price means the projected sale price of an undefined property listed in the catalog or other descriptive text, not inclusive of the buyer's commission. Seen in 5 SEC Filings
• Estimated Price means the lowest of the following costs at the time of ordering: the current list price adjusted for the list price discount, or the current best price adjusted for the best price discount. Seen in 3 SEC Filings
• Estimated Price means an approximation of the final price with respect to the applicable undefined product. Seen in 3 SEC Filings
• Estimated Price means a price substituted for an observed price, based on an appropriate estimation procedure. Previously observed prices are not considered estimates unless they can be proven to be appropriate estimates. Seen in 3 SEC Filings

Note: The Genie AI Legal Assistant 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.

Search EDGAR for 'Definitions of estimated price' yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 Our AI Legal Assistant 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

• Estimated Price means the projected cost of an undefined product, property, or service.

Relevant Contract Types

• Sales Contracts
• Lease or Rental Agreements
• Construction Contracts
• Service Agreements

Relevant Circumstances

• Estimating costs for product procurement.
• Pricing rental or lease properties.
• Estimating costs for construction projects.
• Pricing services for a proposal or bid.

Relevant Sectors

• Retail Industry
• Real Estate
• Construction
• Professional Services

‍

Genie Definition 2

• Estimated Price means a substituted cost for an observed or listed price, based on an appropriate estimation procedure.

Relevant Contract Types

• Futures Contracts
• Option Contracts
• Commodities Contracts

Relevant Circumstances

• Substituting observed or listed prices in futures trading.
• Estimating costs for commodities trading.
• Pricing options for contracts.

Relevant Sectors

• Finance
• Commodities Trading
• Investment Banking

‍