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.
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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
- Payrate means the amount of monetary compensation per unit of time or piecework, to be provided for services rendered, subject to applicable regulations and [governing law].
Relevant Contract Types
Relevant Circumstances
- Hiring full-time or part-time employees
- Engaging consultants or freelance professionals for a specific project
- Commissioning services from another company
Relevant Sectors
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Payrate means the amount of monetary compensation per unit of time or piecework, to be provided for services rendered, subject to applicable regulations and [governing law].