Contracts

Contracts

Contracts of all sorts.

Contributors in Contracts

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.

Option

Law; Contracts

1. Contract to keep an offer open for a fixed period during which the offeror cannot withdraw the offer. 2. Formal contract between a seller (the optioner) and a buyer (the optionee) the right (but ...