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Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Law > Contracts

employment contract

Law; Contracts

Voluntary, deliberate, and legally enforceable (binding) agreement between an employer and an employee. Employment contracts can cover a variety of procedures and/or policies that ...

either/or facility

Law; Contracts

Agreement which allows a customer to borrow money or Eurodollars from the bank's head office or from a foreign branch.

economic price adjustment

Law; Contracts

Provision in a contract document for upward or downward revision of specified prices, if and when certain conditions (such as inflation or deflation) occur.

economic paradigm

Law; Contracts

Informal rules created due to transactions between sellers and buyers. The transaction rules are commonplace and assumed by both buyers and sellers, which is why they are referred ...

earned value cost control

Law; Contracts

Progress-to-date of a project expressed in monetary terms, in order to compare the actual cost with the budgeted cost. It is usually computed by applying a performance-measure ...

earned value management

Law; Contracts

Technique that links resource planning to cost and schedule requirements. All work is budgeted and scheduled in time-phased increments incorporating a baseline for cost and ...