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A contract is legally binding only if each party obtains something of value (referred to as "consideration") in return for performance of the contract obligations.
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If, at any time, the Contractor has reason to believe that the total amount required for performance of this Contract or a specific activity conducted under this Contract would be greater than the amount of funds awarded under this Contract, the Contractor shall provide reasonable notice to the appropriate Secretary.
Much must depend on the facts known to the parties at the time of contracting with respect to the history of and prospects for labor difficulties during the period of performance of the contract, as well as the likely severity of the effect of such disputes on the ability to perform.
(A) and (B) for provision requiring certification of the percentage of the total material utilized for the performance of the contract which is recovered materials.
estimate the percentage of the total material utilized for the performance of the contract which is recovered materials.
In reply to this answer, the plaintiff set up, among other things, that the ordinance was in conflict with the Fourteenth Amendment to the Constitution of the United States, and hence no defense to the action for specific performance of the contract.
A bill in equity for the specific performance of the contract against the state by name, it is admitted could not be brought.
If the employer elects to permit himself to be charged for the value of the labor, without interposing the damages in defence, he is entitled to do so, and may have an action to recover his damages for the non performance of the contract.
If the problems the Obamacare site is experiencing were due to a lowest-bid contractor doing some awfully shoddy computer programming, then the federal government should announce it is suing the contractor for non-performance of the contract's specifications.
A Performance Guarantee is normally required for high value or technically complex contracts to secure the performance of the contract, including during its warranty period.
Subcontract means any contract as defined in subpart 2.1 entered into by a subcontractor to furnish supplies or services for performance of a prime contract or a subcontract.
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CEO of Professional Science Editing for Scientists @ prosciediting.com