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How is A fair wage defined in a legal contract?

• A fair wage means a wage that is just and reasonable. Seen in 8 SEC filings
• A fair wage means compensation that is proportionate to the value of the services provided, taking into account all relevant circumstances that affect the value of the service. This includes considering the wages paid for comparable work by employers who voluntarily maintain minimum fair wage standards. Seen in 1 SEC filing.

Note: 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.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 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

• A fair wage means justly earned compensation that is reasonable and proportionate to the value of services rendered.

Relevant Contract Types

• Employment Contract
• Consultancy Agreement
• Services Agreement
• Subcontractor Agreement
• Temporary Employment Contract

Relevant Circumstances

• The hiring of new staff.
• The renegotiation of existing employee contracts.
• The hiring of consultants or external service providers.
• The creation of contracts for subcontractor services.

Relevant Sectors

• Healthcare Sector
• Information Technology Sector
• Construction Sector
• Manufacturing Sector
• Financial Services Sector

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