the buying and selling of securities and other financial instruments
a mutually-agreed, legally binding agreement between two or more parties
Wiktionary Definition for: Contract
A agreement that is legally binding, especially one that is written.
A specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.
An agreement which the law will enforce in some way. A contract must contain at least one promise, i.e., a commitment or offer, by an offeror to and accepted by an offeree to do something in the future. A contract is thus executory rather than executed.
A part of legal studies dealing with laws and jurisdiction related to contracts.
to enter into a contract with
#To gain or acquire (an illness).
#To draw together or nearer; to shorten, narrow, or lessen.
Ex:''The snail's body '''contracted''' into its shell.''
Mutual rescission, or rescission by agreement, is a discharge of both parties from the obligations of a contract by a new agreement made after the execution of the original contract but prior to its performance. Rescission by mutual assent is separate from the right of one of the parties to...
By understanding the risk management process and the organizational impact and being a supportive team member, the contract administrator will be able to add overall value to project/contract and the organization. As the contract administrator interacts with internal and external customers, he or she will need to understand and comply...
This paper is a brief about Construction Contract Law, essentials of contract validity, termination and subsequences. The term Contract used in the Construction field can be defined as: "An agreement entered into by two parties under the terms of which one party agrees to perform a specific job for which...
In contract law, rescission to rescind or set aside a contract has been defined as the unmaking of a contract between the parties. Rescission is the unwinding of a transaction. Here is a template for mutual rescission of contract.
What's the most important clause in a construction contract? In many cases, unfortunately, it's the clause that wasn't there when one needs it. The painful truth is that no contract is perfect, and even the most experienced builder sometimes gets burned by the unforeseen. But that works both ways: It...
Mortgages are one-sided contracts under which the borrower may terminate the contract at any time, while the lender must commit to honoring the terms of the contract throughout its life. There are two aspects to this feature of the contract that are modeled in this paper. The first is that...
Many companies are shifting their strategic position regularly, so it is important to have a flexible contract that changes with the business. To realign the vendor and customer's direction, a significant contract amendment is suggested every two to three years. They shouldn't have to redo the contract, only change some...
TolTest, Inc. has announced it will share a $4 billion US Air Force contract with 26 other firms. The contract is the Worldwide Environmental Restoration & Construction WERC Contract by the US Air Force Center for Environmental Excellence AFCEE, Brooks City Base, Texas. This is a 5-year award plus 3-year...
Properly identifying and developing service level metrics is a major factor in building a successful outsourcing contract. The development and governance of these metrics involves tasks that must occur while the contract is being negotiated (pre-contract) and tasks that occur after the contract has been signed (post-contract). Far too often,...
"For years the corporate contract has been an under-appreciated document in the business world. This habit of taking the contract for granted has led to the development of a number of myths regarding the field of contract management. For corporations, these myths minimize the need for a task-specific contract management...
diCarta, Inc., a leading provider of enterprise contract management solutions, today announced diCarta Contracts Version 6. With this release, diCarta extends its leadership in the enterprise contract management space with several industry firsts, including: support for managing contracts negotiated on the "outside paper" of suppliers and customers; a self-service wizard...
CHICAGO -- The United Auto Workers negotiated a significantly larger role in General Motors' decisions to make or contract out for parts under their new three-year contract.
DALLAS -- NewMarket Technology, Inc. (OTCBB:NMKT) today announced that the company has won a three year contract with BroadLink Telecom of Irving, Texas to provide network management and information security services. The contract is currently valued at $7.8 million over the term of the contract with expectations that the contract...
The Consumerist suggests six ways to get out of your current cell-phone contract so you can buy an iPhone. Five of them are pretty ludicrous (e.g., "die" and "join the armed forces"), but there's one that makes sense: Sell the contract. Normally, breaking a contract early results in a hefty...
This sample contract template is used to establish the terms under which goods will be sold to a customer. Before issuing any contract, be sure to have an attorney examine it first.
This paper contributes to the discussion on optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance contract at high risks' premiums...
Enterprise contract management is at the heart of the enterprise as contracts and contract data drive much of the business. In response to events in the energy industry, effective contract management has become a requirement of the utmost importance to the financial and operational health of an energy company or...
This article is based on the spectrum of delivery management that the knowledgeable project manager must either as buyer or seller address on a daily basis--contract management. It specifies that a successfully managed project is a direct function of the quality of the contract. The quality of a contract is...
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