Contracts

Contracts

Contracts of all sorts.

Contributors in Contracts

Contracts

An agreement expressing how an individual's property will be distributed and managed during their lifetime and after their death. The trust generally involves the grantor who creates the trust; the ...

Right of first refusal

Law; Contracts

Contractual right under which a seller must give a party (such as a partner) an opportunity to match (within a specified timeframe) a price at which a third party agrees to buy a specified asset ...

Retention clause

Law; Contracts

Provision in a contract that allows a customer to withhold a portion of the contract price until the determination that the project or goods meet the predetermined or standard specifications. See ...

Retroactive pricing

Law; Contracts

In contractual arrangements, pricing that reflects a contractor's performance and/or new cost data, and is computed after a certain portion or all of the contract work has been completed.

Risk diversification

Law; Contracts

Allocation of proportional risk to all parties to a contract, usually through a risk premium. Also called risk allocation.

Force majeure

Law; Contracts

Standard clause found in construction and supply contracts, it exempts the contracting parties from fulfilling their contractual obligations for causes that could not be anticipated and/or are beyond ...