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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

piggyback right

Law; Contracts

Provision in a contract whereby one party can imitate the actions of the other. For example, if one party brings in outside investors the other party can follow suit.

planning factor

Law; Contracts

Relationship between different activities and/or quantities reduced to a mathematical formula, for convenience in budgeting, estimating, or planning.

planning estimate

Law; Contracts

Cost estimate developed on the basis of available information and, in absence of a pricing study, with the use of experience-based formulas or planning-factors. These estimates ...

planning horizon

Law; Contracts

Period covered by a particular plan or a firm's planning cycle. In general, its length is dictated by the degree of uncertainty in the external environment: higher the ...

planning package

Law; Contracts

Complete set of plans that serves as the basis for allocation of budgeted amount to the cost accounts, following adoption of a plan or award of a contract.