Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Additive alternate bid

Law; Contracts

Bid that states an amount which must be added to the quoted price if a specified change in the scope of work is accepted by the owner of the project.

Actual cost of work performed contract

Law; Contracts

Contract based on costs actually incurred, and recorded, in performing work during a stated period.

Action ex delicto

Law; Contracts

Legal action arising out of a contract but for a wrongful act not stated in it, such as fraud, malfeasance, or misconduct.

Actual authority

Law; Contracts

Specific powers granted by a principal to an agent in oral or written agency contracts. See also apparent authority.

Additional services

Law; Contracts

Services rendered in excess of those required or designated in a contract.

Avoidance of contract

Law; Contracts

Legal cancellation (frustration) of a contract when it is impossible to continue, or inequitable to force its performance. All the parties to the contract are thereby released from their obligations.

Agent who holds the power of attorney allowing him or her to transact business and execute legal documents on behalf of a principal. Decisions made and actions taken by an attorney in fact (within ...