Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

fixed price redeterminable contract

Law; Contracts

Type of fixed-price contract which provides for a review and retroactive or prospective revision of the contract price during or at completion of the contract. Also called fixed price contract with ...

good faith efforts

Law; Contracts

Sustained efforts made with deliberate intention to produce desired or required results. Good-faith efforts do not necessarily include due-diligence.

good faith

Law; Contracts

Effort made, information given, or transaction done, honestly and without a deliberate intention to defraud the other party. However, good-faith does not necessarily mean 'without negligence.' Also ...

global pricing contract

Law; Contracts

Contract stipulating a supplier must charge the same price to customers around the world for the delivery of parts and services. In an increasingly global market, this practice is gaining in ...

gift-leaseback

Law; Contracts

Arrangement in which the ownership of property or assets are transferred to a beneficiary or trust. When the ownership has been given to the designated party, the original owner then leases the ...

gift with reservation

Law; Contracts

Condition attached to a gift or transfer of asset that benefits the original owner in some way. Commonly used to transfer ownership of property or other assets to an intended beneficiary prior to the ...

gentlemen's agreement

Law; Contracts

Informal, oral understanding resting on the sense of personal honor of the involved parties. Generally, such agreements are not enforceable through courts.