Difference between revisions of "Contract"
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== Definition == | == Definition == | ||
| − | '''Contract''' | + | A '''Contract''' is a voluntary, deliberate agreement between two or more competent parties to which those parties agree to be legally bound, and to which the parties must have provided valuable consideration. |
Contracts are usually written but may be spoken or implied, and generally have to do with employment, sale or lease, or tenancy. | Contracts are usually written but may be spoken or implied, and generally have to do with employment, sale or lease, or tenancy. | ||
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| + | == Context == | ||
| + | * In the [[EProcurement Ontology]] this includes [[Concession Contract | concession contracts]]. | ||
== See Also == | == See Also == | ||
* http://www.businessdictionary.com/definition/contract.html | * http://www.businessdictionary.com/definition/contract.html | ||
| + | == References == | ||
| + | <references/> | ||
| − | + | [[Category:EProcurement Ontology]] | |
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[[Category:Contracts]] | [[Category:Contracts]] | ||
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Latest revision as of 18:32, 6 February 2024
Contents
Definition
A Contract is a voluntary, deliberate agreement between two or more competent parties to which those parties agree to be legally bound, and to which the parties must have provided valuable consideration.
Contracts are usually written but may be spoken or implied, and generally have to do with employment, sale or lease, or tenancy.
Context
- In the EProcurement Ontology this includes concession contracts.
