Renegotiation Act

Renegotiation Act
A federal statute providing for the renegotiation of war contracts and the recapture of excessive profits realized under contracts for the supply of war materiel. 50 USC Appx §§ 1191 et seq.

Ballentine's law dictionary. . 1998.

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  • Renegotiation Act — Federal law which provides for reexamination of government contracts to determine whether excess profits were made which can be recaptured by the government. 50 U.S.C.A.App. 1191 et seq. See renegotiation Board …   Black's law dictionary

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