Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Fixed price incentive contract

Law; Contracts

Type of fixed price contract which provides for the adjustment of the contract price and profit. Amount of this adjustment is determined by a formula based on the relationship between total ...

Fixed price contract with economic price adjustment

Law; Contracts

Type of fixed-price contract which provides for upward and downward revision (based on a price scale such as consumer price index) of the stated contract price.

Fixed price contract with price escalation

Law; Contracts

Type of fixed-price contract which provides for upward revision of the stated contract price if certain price fluctuations (specifically defined in the contract) occur.

Firm quotation

Law; Contracts

Quoted price and conditions which remain unchanged for a specified expiration date. Firm quotations without any expiration date are deemed to expire automatically 30 days after the date of offer.

Fixed price contract with provision for re-determination of price

Law; Contracts

Alternative term for fixed price re-determinable contract.

Exclusion

Law; Contracts

1. Specific condition, circumstance, or situation usually listed in a contract as being not covered. All contracts (including insurance policies and construction contracts) contain exclusions, ...

Exclusive agency agreement

Law; Contracts

Restrictive agreement (involving a good, service, market, or territory) that binds a principal and an agent in an association under which neither can make any similar deals with the other's ...