Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Estimated cost at completion

Law; Contracts

Current projection of what the final cost will be at the completion of a specific task or job.

Disruption

Law; Contracts

In contracts, adverse effect of a change in a contract resulting in increased cost of its performance.

Divisible contract

Law; Contracts

Type of contract in which each party's obligations are independent of those of the other, and each party can demand performance from the other without performing its own part. Contracts of ...

Adequate competition

Law; Contracts

In bidding and contracting arrangements, adequate competition exists if (1) bids are solicited from at least two 'responsible bidders,' (2) each of whom can satisfy the contract's requirements ...

Adhesion contract

Law; Contracts

Boilerplate contract, prepared entirely by the party with preponderant bargaining power, and offered to the weaker party on (in effect) a 'take it or leave it' basis. Most insurance policies and ...

Addendum

Law; Contracts

Document or information attached or added to clarify, modify, or support the information in the original document or written work. In construction industry, for example, an addendum issued by a ...

The price stipulation within a contract that establishes equivalence in the exchange of value in the form of money, goods or services. Any exchange of value that is deemed not to be equivalent could ...