Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Partial termination

Law; Contracts

Cessation of a portion of the work that was supposed to be performed under the terms of a contract.

Price agreement

Law; Contracts

An agreement between a supplier and business customer regarding the pricing of a specific commodity. Unlike a quote that may expire or be changed at any time, an agreement is usually good for a ...

Price negotiation memorandum (PNM)

Law; Contracts

Document that records the points discussed and agreed to in arriving at a mutual understanding on prices of goods or services to be supplied. It serves to establish the reasonableness of the ...

Agreement whereby a buyer and seller fix the price of specified goods for the duration of a contract or certain other period. In some agreements, price fluctuations (as indicated by an agreed upon ...

Price analysis

Law; Contracts

Evaluation of bid prices through (1) comparison of submitted bids or quotations, (2) comparison of current quotations with previous quotations for the same or similar items, (3) comparison with own ...