Contracts

Contracts

Contracts of all sorts.

Contributors in Contracts

Contracts

One who takes possession of land or other assets in the process of executing a contract believed to be legitimate, even if elements of it are found to be not in accordance with applicable laws. In ...

Possessor in bad faith

Law; Contracts

One who takes possession of land or other assets as counterparty to a contract, despite having knowledge or awareness that the transaction is not strictly in accordance with all applicable legal ...

Planning estimate

Law; Contracts

Cost estimate developed on the basis of available information and, in absence of a pricing study, with the use of experience-based formulas or planning-factors. These estimates are employed in ...

Planning horizon

Law; Contracts

Period covered by a particular plan or a firm's planning cycle. In general, its length is dictated by the degree of uncertainty in the external environment: higher the uncertainty, shorter the ...

Piggyback right

Law; Contracts

Provision in a contract whereby one party can imitate the actions of the other. For example, if one party brings in outside investors the other party can follow suit.

Planning package

Law; Contracts

Complete set of plans that serves as the basis for allocation of budgeted amount to the cost accounts, following adoption of a plan or award of a contract.