Informal Contract definition

Informal Contract means a document or written transaction, such as a credit card purchase, purchase order or written confirmation of proposal acceptance that commits the Township to purchase specified Goods and Services and that may, or may not be, signed by the Township.
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Informal Contract means a document or written transaction that commits the Town to purchase specified Goods and Services and that may, or may not be, signed by the Town such as a credit card purchase or purchase order.
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Informal Contract. An oral contract, usually not enforceable. A listing contract is the employment contract between the broker and the seller. The listing agreement sets forth the terms under which a broker is employed to find a buyer for the owner's real property. It outlines the terms under which the seller will owe the broker a commission for his services. There are many types. In an Open Listing, the seller retains the right to hire any number of brokers to sell his property. Whoever provides the seller with a ready, willing and able purchaser is entitled to a commission. In an Exclusive or Exclusive Agency Listing: Only one broker is allowed to act on behalf of the seller but if the owner sells the property himself, no commission is paid to the broker.
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Examples of Informal Contract in a sentence

  • In addition to the personnel named under Formal Contract Communications, personnel authorized to use Informal Contract Communications include any other persons so designated in writing by the parties.

  • Submit under provisions of the General and Supplemental General Conditions as stated in UNCW Special Project Informal Contract.

Related to Informal Contract

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Material Contract means any contract or other arrangement (other than Loan Documents), whether written or oral, to which any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

  • Client Contract means a futures or option contract between us and you, which is matched by an identical Contract;

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Government Contract means any Contract between, on the one hand, the Company or any of the Subsidiaries and, on the other hand: (i) the United States government or any other Governmental Authority, (ii) any prime contractor to the United States government or any other Governmental Authority or (iii) any subcontractor with respect to any Contract described in clauses (i) or (ii).

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.