1 Terms
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Contracts
Contracts of all sorts.
Industry: Law; Real estate
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Contracts
No-shop clause
Law; Contracts
A clause included in an agreement or letter of intent between an owner and a prospective buyer that requires the suspension of any solicitation, discussion or negotiation with other potential buyers ...
Non cost data
Law; Contracts
That does not contain any cost information but which includes significant facts necessary in describing what is being costed. For example, assumptions, schedules, specifications, technical ...
No cost change
Law; Contracts
Contract change which, while not affecting the price of a contract, may incur overhead costs.
No-sale price
Law; Contracts
Minimum acceptable price below which no award or order will be entertained by the supplier.
Nominal quotation
Law; Contracts
Buying or selling price given as an indication of value but not as an bid or offer.
Or near offer (ONO)
Law; Contracts
Term commonly used with the price of a used or second-hand item offered for sale, to indicates that while the seller is open to price negotiations, he or she would not accept too low a price.
