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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

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

Law; Contracts

Contract that provides for a price which normally is not subject to any adjustment unless certain provisions (such as contract change, economic pricing, or defective pricing) are ...

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 ...

firm order

Law; Contracts

Order that is not subject to cancellation until a specified expiration date. Firm orders without any expiration date are deemed to expire automatically 30 days after the date of ...

firm offer

Law; Contracts

Irrevocable, written, and signed offer regarding the sale or purchase of specified goods or services at specified prices, and valid for a specified period. If no closing or ...