So what is a contract? It’s an agreement, either written or spoken, between two or more parties that creates a legal obligation. The terms of a contract are enforceable by law, with clearly defined penalties and remedies should the contract be breached. A contract breach is a failure, ...
To better understand the essence of a contract agreement, it is helpful to break down some of the key elements that comprise their common forms. It is equally helpful to consider the different categories they may fall under and parse through some of the particulars of those categories. Here, ...
In this, the contract manufacturer is only involved with one part of the larger process and acts more as asubcontractorabout a general contractor. They are hired by a general contractor who needs their specialized services. This is used with the production of very complex products, and contract ...
An incentive contract is a type of agreement designed to align the interests of the contracting parties by linking compensation or rewards to the achievement of specific performance targets or outcomes.
A contract is generally understood to be a legal duty that is deliberately created by the obligor and the obligee. But that description misses many legal relationships that are similarly created and are essential to the institution of private ordering. Hohfeld referred to these non-duty relations ...
A contingent contract is a contract that includes terms that only become effective when certain conditions have been met. In other words, specific terms within the contract will be contingent on a particular outcome either happening (or not), hence the name. That is why a contingent contract ...
【答案】：A contract is an agreement enforceable by law, by which two parties mutually promise to buy or sell some particular things, or to do a certain work. It should include the obligation and right and binding for two parties.
Whereaproductinlargequantitiesisadvertisedinanewspaperoronaposter,itmaybeanoffer,butgenerallyspeakingitwillberegardedasaninvitationtotreat,sinceevenwhenlargestockishelditisstilllimited,whilsttheresponsetoanadvertisementmaybeunlimited.合同是一种人与人之间和组织与组织或(法人)之间创造的一种自愿承诺，包括一个或更多的...
That said, a cost-plus contract is not a blank check from a project owner to a general contractor. Generally, the contract will include a clause that requires the contractor to provide the owner a good faith estimate for the total cost of a project. Additionally, the contractor will provide...
application is written, it is handed off to another team for a security review. This could be an internal expert or a firm that specializes in vetting smart contract security. Once the contract has been approved, it is deployed on anexisting blockchain or other distributed ledger infrastructure...