Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Output contract

Law; Contracts

Purchase contract under which a buyer commits to take the entire production of a supplier at agreed upon prices, during a specified period. Opposite of requirements contract.

Order for account

Law; Contracts

Court order to investigate the amount due from one party (an agent, for example) to another (a principal, for example) resulting from a contract or transaction between them.

Out of scope change

Law; Contracts

Increase or decrease in the scope of work that is considered outside the statement of work on which a contract is based, and which requires a change in the contract cost or price.

Post bid shopping

Law; Contracts

Negotiations by a buyer (a prime contractor) with sellers (trade contractors) to obtain lower prices for goods and services that are to be consumed in the performance of an already awarded contract.

Possessory lien

Law; Contracts

Claim that is generally enforceable only if the lienor has the lienee's goods or property in possession. Liens such as agent's, artisan's, banker's, and carrier's, are examples of the possessory ...

Post-merger integration

Law; Contracts

The part of the merger process, following the closing of the merger agreement itself, in which the assets, personnel, and business activities of the two companies participating in the merger are ...

Post tender negotiations

Law; Contracts

Discussions between a principal (client or contractee) with the prospective suppliers (contractors), after the receipt of tenders (bids) but before the award of contract. These negotiations are ...