Gross-up clause
id:
gross-up-clause-268-6074618
title:
Gross-up clause
text:
A gross-up clause is a provision in a contract which provides that all payments must be made in the full amount, free of any deductions without exercising any right of set-off. The provision will usually indicate that if there is a mandatory withholding or deduction by operation of law, then the paying party shall "gross up" the payment so that the receiving party receives the same net amount. A gross-up clause is also used when a payment that is made will be subject to taxes and the payer makes
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Gross-up_clause
date created:
date modified:
2021-03-04T19:18:32Z
main entity:
{"identifier":"Q5610528","url":"https://www.wikidata.org/entity/Q5610528"}
image:
fields total:
13
integrity:
13