Out-Of-Pocket Expenses Legal Meaning and Definition
Here is a simplified definition of the legal term Out-Of-Pocket Expenses.
Out-Of-Pocket Expenses (noun)
In legal contexts, 'Out-Of-Pocket Expenses' refer to costs directly paid by a person, often related to a legal case. These are not initially accounted for or directly included in a standard agreement or planning procedure.
Example: Lawyer fees, investigation cost, travel and accommodation expenses for court hearings may be considered as out-of-pocket expenses. These costs can possibly be reimbursed by the other party if they're found guilty, provided such reimbursement terms are included in the legal contract.