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What is meant by fee basis? |
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A fee basis is an agreed amount for a single job regardless of the time required to complete the job. Payments on a fee basis resemble piece work payments with the important distinction that a fee is generally paid for the kind of job that is unique rather than for a series of jobs repeated indefinitely and for which payment on an identical basis is made over and over. Payments based on the number of hours or days worked and not on the accomplishment of a given single task are not considered payments on a fee basis.
Questions? Contact an overtime lawyer at Werman Law Office, P.C.
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