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Contracts

Contracts of all sorts.

Contributors in Contracts

Contracts

Engineering change

Law; Contracts

1. Alteration made to a bill of materials by (1) adding or deleting an item (assembly, sub-assembly, component, or material), (2) substituting an item with another, or (3) changing the usage of an ...

Employment contract

Law; Contracts

Voluntary, deliberate, and legally enforceable (binding) agreement between an employer and an employee. Employment contracts can cover a variety of procedures and/or policies that the employee must ...

End item

Law; Contracts

Material, part, facilities, or service (or their combination) that is deliverable or supplied under a contract.

Economic price adjustment

Law; Contracts

Provision in a contract document for upward or downward revision of specified prices, if and when certain conditions (such as inflation or deflation) occur.

Economic paradigm

Law; Contracts

Informal rules created due to transactions between sellers and buyers. The transaction rules are commonplace and assumed by both buyers and sellers, which is why they are referred to as paradigms.

Enabling clause

Law; Contracts

Part of an agreement, constitution, or statute that imparts the authority and power on the specified entities to carry out its provisions.

Either/or facility

Law; Contracts

Agreement which allows a customer to borrow money or Eurodollars from the bank's head office or from a foreign branch.

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