1 Terms
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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 ...
Price protection
Law; Contracts
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 ...
Pricing agreement
Law; Contracts
Document that describes how a contractor will formulate prices during the contract period, and what data or comparisons will be required or used.
Pricing arrangement
Law; Contracts
Basis on which a customer (client or principal) agrees to pay a contractor, such as a cost reimbursement arrangement or a fixed price arrangement.
