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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

non-disparagement agreement

Law; Contracts

A contract between two parties that prohibits one party from criticizing the other. Typically used in an employment or dispute settlement contract.

non-compete clause

Law; Contracts

Provision in a business sale agreement that restricts the seller from starting or working in a similar business for a certain number of years (typically three) in a specified ...

non-performance

Law; Contracts

Failure of a party to abide by or fulfill the terms of a contract, a failure which may lead to a breach of contract.

non-response bid

Law; Contracts

Bid that does not fulfill the requirements of an invitation to bid, offers, proposals, tenders, etc.

nonconformity

Law; Contracts

Occurrence of a condition that does not conform to the specifications of the prescribed standards. See also defect.

nonconformance

Law; Contracts

Non-fulfillment of specified requirements. See also defect, and imperfection.

not to exceed (NTE)

Law; Contracts

In contract negotiations, the commitment by the vendor that the value of an interim estimate (plus contingency allowances) will not exceed the amount of the firm proposal and ...