Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

estimated cost at completion

Law; Contracts

Current projection of what the final cost will be at the completion of a specific task or job.

escalator clause

Law; Contracts

This is an alternative term for escalation clause.

escape clause

Law; Contracts

Provision in a contract which, under specified conditions, allows a party to withdraw from the agreement or to change its conditions.

1. Construction: Provision in a contract for increasing or decreasing the contracted price for labor, material, etc., in step with the market prices or an agreed upon benchmark such as consumer price ...

entity purchase agreement

Law; Contracts

A method used in business succession planning whereby if a company consists of more than just one owner, it will purchase life insurance policies on the lives of all such owners for the amount of ...