Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Approved-brands specification

Law; Contracts

In supply contracts, a bid specification citing a specific brand and model or a certain manufacturer's product. This type of specification does not allow equivalent brands or products.

Arbitration

Law; Contracts

Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the Arbitrator) without resorting to court action. Arbitration is usually ...

Approved brand or equivalent specification

Law; Contracts

In supply contracts, a bid specification calling for a certain brand and model of an item that meets the required quality and performance standards. This type of specification may allow bids that ...

Provision, included in certain construction, insurance, labor, sale, or other types of contracts, requiring settlement of disputes through arbitration instead of litigation. Often the procedure to be ...

Approved change

Law; Contracts

Alteration or modification of any aspect of a contract, included after following the change approval process mutually agreed upon between the contractor and the owner of the project and specified in ...

Approved brand specification

Law; Contracts

A clause in a contract which allows a designated brand name item to be substituted with another product that meets the same specifications as the designated item. Also called qualified product ...