Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

fixed price contract with economic price adjustment

Law; Contracts

Type of fixed-price contract which provides for upward and downward revision (based on a price scale such as consumer price index) of the stated contract price.

fixed price contract

Law; Contracts

Contract that provides for a price which normally is not subject to any adjustment unless certain provisions (such as contract change, economic pricing, or defective pricing) are included in the ...

firm quotation

Law; Contracts

Quoted price and conditions which remain unchanged for a specified expiration date. Firm quotations without any expiration date are deemed to expire automatically 30 days after the date of offer.

Order that is not subject to cancellation until a specified expiration date. Firm orders without any expiration date are deemed to expire automatically 30 days after the date of offer. Also called ...

firm offer

Law; Contracts

Irrevocable, written, and signed offer regarding the sale or purchase of specified goods or services at specified prices, and valid for a specified period. If no closing or expiration date is ...