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

  • An Informal Contract in no way implies that plans and specifications may be less than fully developed or inadequately describe the work to be done.

  • Designer should keep a bid set without signature for field construction to be shared by contractors, owners, inspectors, project managers etc.CHAPTER 600‌ Construction Contracts and Bidding Section 601 Formal & Informal Contract Definitions‌ GS 143-128 and 129 govern construction contracting for public work in North Carolina.

  • 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.

  • Notification of any subsequent changes must be provided in writing prior to issuance of any formal communication from the changed designee or authorized representative.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.

  • Table 1.02 Informal Contract Thresholds by Industry 4 See Chapter 4: Availability Analysis - Section III for a discussion of M/WBE capacity.

  • Your email subject should indicate this as a “REVIEW SUBMITTAL.” CHAPTER 600‌ Construction Contracts and Bidding Section 601 Formal & Informal Contract Definitions‌ GS 143-128 and 129 govern construction contracting for public work in North Carolina.

  • However, this collaborating situation could be considered as proceeding via three main phases; Information Gathering, Informal Contract Negotiation, Formal Contract Negotiation and Establishment.

  • County Front-End Documents (Formal or Informal Contract as appropriate) ☐ ☐ ☐ 1.

  • Avner Greif, Informal Contract Enforcement: Lessons from Medieval Trade, 2 THE NEW PALGRAVE DICTIONARY OF ECONOMICS AND THE LAW 294 (reporting that the private customary law that arose was not especially efficient).

  • In either case, a plaintiff who was seeking relief via assumpsit for breach of an informal promise was asking for compensation under a theory of reimbursement for the loss of that which had been given (directly or indirectly) to the promisee.29 25Avner Grief, Informal Contract Enforcement: Lessons from Medieval Trade in 2 THE NEW PALGRAVE DICTIONARY OF ECONOMICS AND LAW 287 (Peter Newman, ed.

Related to Informal Contract

  • Individual contract means a contract for health care services issued to and covering an individual. The individual contract may include dependents of the subscriber.

  • Original Contract means the initial contract or price agreement solicited and awarded during a cooperative procurement by an administering contracting agency.

  • Company Material Contract has the meaning set forth in Section 3.15(a).

  • Original contractor means a person, including an owner-builder, that contracts with an owner to provide preconstruction service or construction work.

  • Governmental contract means a contract awarded by a governmental entity for general construction, an improvement, a service, or a public works project for a purchase of supplies, materials, or equipment. The term includes a contract to obtain a professional or consulting service subject to Government Code, Chapter 2254.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Individual contract plan means a subcontracting plan that covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offeror’s planned subcontracting in support of the specific contract, except that indirect costs incurred for common or joint purposes may be allocated on a prorated basis to the contract.

  • Customer Contract means a Contract (or group of related Contracts) pursuant to which any Group Company, after giving effect to the Pre-Closing Business Transfers, licenses or otherwise provides products and services to customers of the Business.

  • Commercial Contract means any written contract to which a VSE Entity is a party (other than a Government Contract or Government Subcontract) which gives rise or may give rise to Receivables.

  • 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.

  • Company Material Contracts has the meaning set forth in Section 3.18(a).

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

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

  • Parent Material Contract shall have the meaning set forth in Section 4.16(a).

  • Central Contracts and Legal Services means the DSHS central headquarters contracting office, or successor section or office.

  • 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.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Major Subcontract means any Subcontract with a Major Subcontractor.

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • 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).

  • Public work contract means a contract for constructing, altering, or repairing a public building or carrying out or completing any pub- lic work. Gov’t Code 2253.001(4)

  • 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.

  • Federal contract information means information, not intended for public release, that is provided by or generated for the Government under a contract to develop or deliver a product or service to the Government, but not including information provided by the Government to the public (such as on public Web sites) or simple transactional information, such as necessary to process payments.