Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

approved brand specification

Law; Contracts

A clause in a contract which allows a designated brand name item to be substituted with another product that meets the same specifications as the designated item. Also called qualified product ...

Alteration or modification of any aspect of a contract, included after following the change approval process mutually agreed upon between the contractor and the owner of the project and specified in ...

approved-brands specification

Law; Contracts

In supply contracts, a bid specification citing a specific brand and model or a certain manufacturer's product. This type of specification does not allow equivalent brands or products.

arbitration

Law; Contracts

Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the Arbitrator) without resorting to court action. Arbitration is usually ...

arbitration clause

Law; Contracts

Provision, included in certain construction, insurance, labor, sale, or other types of contracts, requiring settlement of disputes through arbitration instead of litigation. Often the procedure to be ...

architect

Law; Contracts

Qualified professional who designs and supervises the construction of buildings or other structures. See also information architect.

arbitrator

Law; Contracts

Neutral third party to whom disputes between parties to a contract are submitted for a decision ('award') based only on his or her discretion. An ad hoc arbitrator is one who decides a specific case, ...