Contracts

Contracts

Contracts of all sorts.

Contributors in Contracts

Contracts

An internet based process wherein the complete tendering process; from advertising to receiving and submitting tender-related information are done online. This enables firms to be more efficient as ...

duty

Law; Contracts

1. Ethical, legal, or moral accountability, owed always or for a certain period, specially to someone who has a corresponding right to demand satisfaction of an obligation. 2. Responsibility of ...

duties of agent and principal

Law; Contracts

Agent's duties include: to (1) act on behalf of and be subject to the control of the principal, (2) act within the scope of authority or power delegated by the principal, (3) discharge his or her ...

drop dead

Law; Contracts

In contractual arrangements, popular term for the penalty payable by a guilty (defaulting) party when a transaction is not consummated.

dual contract

Law; Contracts

A situation in which two contracts with differing terms are simultaneously submitted on a single transaction for the purpose of securing a loan. The practice is deemed to be unethical, and, in most ...

draft request for proposals

Law; Contracts

Preliminary version of a request for proposals (RFP) that is sent out to qualified contractors for their comments or recommendations that may be added to or deleted from the final RFP.

down selection

Law; Contracts

Reduction in the number of contractors or sub-contractors working on a project, as it moves from one phase to another, in accordance with the criteria established usually in the request for proposal ...