contract price

contract price
Literally, the amount to be paid under a contract of sale, a contract to render services, or a construction contract. In a contract for the construction of a building, the words "contract price" were held to mean not the abstract price or amount agreed to be paid by the owner to the builder, but the sum which the builder was actually entitled to receive for the whole of the work done by him. Doll v Young, 149 Ky 347, 350, 149 SW 854. See total contract price.

Ballentine's law dictionary. . 1998.

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  • Contract price — A contract price is the price listed in the contract for the good or services to be received in return. Contents 1 Contract law 1.1 Common law 2 See also 3 References …   Wikipedia

  • Contract Price —   Price marketed on a contract basis for one or more years.   ***   The delivery price determined when a contract is signed. It can be a fixed price or a base price escalated according to a given formula.   U.S. Dept. of Energy, Energy… …   Energy terms

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • price — I noun amount, appraisal, appraisement, charge, compensation, cost, disbursement, due, estimate, estimation, exaction, exchange value, expenditure, expense, fare, fee, figure, outlay, payment, premium, pretium, purchase money, quotation, rate,… …   Law dictionary

  • price — The cost at which something is obtained. Something which one ordinarily accepts voluntarily in exchange for something else. The consideration given for the purchase of a thing. Amount which a prospective seller indicates as the sum for which he… …   Black's law dictionary

  • contract guarantee insurance — An insurance policy designed to guarantee the financial solvency of a contractor during the performance of a contract. If the contractor becomes financially insolvent and cannot complete the work the insurer makes a payment equivalent to the… …   Big dictionary of business and management

  • CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …   Encyclopedia of Judaism

  • Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations …   Catholic encyclopedia

  • Contract awarding — is the method used during a procurement in order to evaluate the proposals (tender offers) taking part and award the relevant contract.[1] [2] Usually at this stage the eligibility of the proposals has been concluded. So it remains to choose the… …   Wikipedia

  • Contract Net Protocol — (CNP) is a task sharing protocol in multi agent systems, consisting of a collection of nodes or software agents that form the contract net . Each node on the network can, at different times or for different tasks, be a manager or a contractor.… …   Wikipedia

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