Statement of Value Clause Samples
A Statement of Value clause defines the agreed-upon worth of goods, services, or property referenced in a contract. This clause typically specifies the monetary value assigned to an asset, such as the purchase price of equipment or the appraised value of real estate, and may outline how this value was determined. Its core function is to provide a clear, mutual understanding of value to prevent disputes over pricing or compensation, ensuring both parties are aligned on the financial terms of the agreement.
Statement of Value. In recognition of each party’s reciprocal contribution to programs under this Agreement, each party shall prepare and provide the other party a statement of value for the party’s contribution for the preceding academic term (“Statement of Value”).
A. College’s Statement of Value shall include the following:
i. summarize the Courses offered, with each Course valued at the College’s official tuition rate and fees in effect during the fiscal year per credit hour for the specific Course for each student who completed the Course; and
ii. for each Course listed, include a supplement report listing the names of the students categorized by each Course.
B. School District’s Statement of Value shall include the following:
i. summarize the School’s costs expended to provide and operate facilities used for the Dual Enrollment Course delivery; and
ii. amount of total compensation to the School District’s instructors delivering the Dual Enrollment Courses.
Statement of Value. The City Treasurer shall prepare a statement of the value of any grant to DMC, or an estimate of the fair market value of any assistance provided at less than fair market value to DMC.
Statement of Value. The Town Treasurer shall prepare a statement of the value of any grant to NTDC, or an estimate of the fair market value of any other assistance provided at less than fair market value to NTDC.
Statement of Value. The City Treasurer shall prepare a statement of the value of any grant to TVC, or an estimate of the fair market value of any other assistance provided at less than fair market value to TVC.