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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
actual authority
Law; Contracts
Specific powers granted by a principal to an agent in oral or written agency contracts. See also apparent authority.
actual cost of work performed contract
Law; Contracts
Contract based on costs actually incurred, and recorded, in performing work during a stated period.
ad referendum
Law; Contracts
Term used in contracts to indicate that although material points have been agreed upon, some minor points remain to be decided. Latin for, to be considered.
additional services
Law; Contracts
Services rendered in excess of those required or designated in a contract.
additive alternate bid
Law; Contracts
Bid that states an amount which must be added to the quoted price if a specified change in the scope of work is accepted by the owner of the project.
approved brand or equivalent specification
Law; Contracts
In supply contracts, a bid specification calling for a certain brand and model of an item that meets the required quality and performance standards. This type of specification may ...
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