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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

primary liability

Law; Contracts

Direct obligation, or a liability ensuing from one's direct responsibility.

prime contractor

Law; Contracts

Chief contractor who has a contract with the owner of a project or job, and has the full responsibility for its completion. A prime contractor undertakes to perform a complete ...

prime contract

Law; Contracts

Contract held either by the owner (contracee or principal) of a project, or by a main or primary contractor having full responsibility for the job.

principal

Law; Contracts

1. Law: (1) A party who designates another (the agent) to act on his or her behalf. (2) A party that has the primary responsibility in a liability or obligation, as opposed to an ...

privity of contract

Law; Contracts

Legal doctrine that a contract confers rights and imposes liabilities only on its contracting parties. They, and not any third-party, can sue each other (or be sued) under the ...

procurement directive

Law; Contracts

This is an alternative term for procurement request.

procurement request

Law; Contracts

Contract document that describes the good or service to be obtained, and on the basis of which a procurement action is initiated. When combined with specifications, ...