Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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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.

addendum

Law; Contracts

Document or information attached or added to clarify, modify, or support the information in the original document or written work. In construction industry, for example, an addendum issued by a ...

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 allow bids that ...