Common use of Firm Term/Non-Firm Term Clause in Contracts

Firm Term/Non-Firm Term. The Firm Term is that part of the Lease term that is not subject to termination rights. The Non-Firm Term is that part of the Lease term following the end of the Firm Term. Government Officials. Any reference to GSA is interchangeable with USACE, and any reference to LCO, Contracting Officer, or Government representative are interchangeable with Real Estate Contracting Officer or RECO.

Appears in 13 contracts

Samples: u.s. Government Lease, Lease Agreement, Lease Agreement

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