all-inclusive flat fee
Definition
An all-inclusive flat fee is a single, fixed price that covers everything involved in a service, with no surprise charges added on top afterward. Unlike hourly billing, you pay one agreed-upon amount regardless of how much time or effort the provider puts into completing the work.
Example
A lawyer might charge you a $1,500 all-inclusive flat fee to form your LLC, which covers all their time, paperwork, and filing costs so you never see an unexpected invoice.
Watch Out
Always get a written definition of exactly what the flat fee covers, because some providers use the term loosely and still tack on expenses like filing fees or postage as separate charges.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.