<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RDVwhFhxsnIXL7c4IdsJwIY">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RCdJG6uCwl9vj0GwxJe7mez"/>
  <rdfs:label>matter_billing_type</rdfs:label>
  <skos:definition>"Code indicating how the matter is billed.  Valid values and their descriptions are:  
CT - Contingency Fee - When the law firm's fee is based on a percentage of the amount recovered by the law firm client in a plaintiff's action.  
FF - Flat Fee - When the firm is paid a flat fee on the matter only.
GW - Goodwill Work - Where the firm has performed services for free for the client on a matter and provides information on the work performed in a separate $0 invoice to the client.
MPF - Multi-Payor Fees - When the cost of services provided on a matter is split by multiple clients of the firm regardless of any other matter_billing_type that may apply.  
TM - Time &amp; Materials - When the bill is based on hours worked, or where there may be a combination of hourly billing plus a flat fee by task arrangement.
A null value defaults to ""TM"".
"</skos:definition>
</owl:Class>
