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Cost plus fixed fee

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โˆ™ 12y ago
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Q: What contract type cannot be used when purchasing a commercial item or service?
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Can you void the contract prior to the commencement of the services?

No, legally, you cannot void ta contract prior to the commencement of the services unless both parties are in agreement. If one does not agree on canceling the contract, they can legally sue the other party for the complete cost of the contract.


What type of businesses use commercial offices?

Collercial real estate is pand, property or facilities that are either zoned for, or used exclusively for, business purposes. In most cases, people cannot live in a building zoned for commercial business purposes. Some examples of commercial properties can also be; Business parks, industrial parks and commercial retail property.


Is there an address or information service where I can purchase Land O' Lakes Inc stock?

Private company and cannot buy it on the stock exchange!


Can an heir sale his inherited interest in an estate before successions?

He cannot "sell" what he doesn't yet own. He can enter into a contract for sale if he can find a willing buyer and the transfer of title can take place after he has taken title to the property.


What does CNKO mean?

When the status on a property is listed as "Contingent w/no kick-out" (CNKO) it means that an offer has been presented to the seller with contingencies, and if those contingencies are not satisfied, then the seller may take another offer. A "kick-out" clause is sometimes used if a seller wants to reserve the option to accept a better offer, once the property is under contract. A "no kick-out" clause means that the seller relinquishes this option once his/her home is under contract. So, in your example "Contingent w/no kick-out" means that the seller has accepted an offer with contingencies, but cannot accept another offer unless those contingencies are not satisfied.

Related questions

What is a contract of services?

Like any contract, it is an agreement between two parties. In this case, one party promises to conduct a service, i.e. service a vending machine, in exchange for a promise on behalf of the other party. Contract of services is distinct from other contracts only in that one of the parties will be performing a service. Sometimes this means the assignment of the right to perform that service cannot be legally upheld because personal service is unique to the party that conducts the service.


Which type of contract addresses situations when the exact product or service cannot be determined?

fixed-celling price with retroactive price redetermination


Contract for service?

There are many people and businesses that will require you to sign a contract for their services. Often these contracts state that you cannot sue them.


Can a 17 year old legally purchase commercial insurance for a start up business?

A 17-year-old, unless emancipated, cannot legally establish a business, and is not old enough to contract for insurance, or, for that matter, to contract for anything.


Can minors own commercial property in Florida?

They can own it by inheritance but they must have a legal guardian appointed to handle any affairs relating to it. They cannot contract to purchase property.


Can a verbal No Refund be held against you when signing a contract?

No. However, when you sign a contract the agreement you have is only what is outlined in the body of the contract. It cannot be modified by any oral statements.No. However, when you sign a contract the agreement you have is only what is outlined in the body of the contract. It cannot be modified by any oral statements.No. However, when you sign a contract the agreement you have is only what is outlined in the body of the contract. It cannot be modified by any oral statements.No. However, when you sign a contract the agreement you have is only what is outlined in the body of the contract. It cannot be modified by any oral statements.


Can a minor put a house under a contract?

No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.


Where can one purchase shares of Google?

Stock in this company cannot be purchased from the company directly. Interested parties should go through a brokerage firm or stock purchasing service.


When can contracts be set aside for illegality?

You can only sign a contract for legally allowed goods and services. You cannot contract to buy illegal drugs. You cannot contract to have someone assaulted.


If one person changes the terms of a contract does that vacate the contract?

One person cannot change a contract until all people who are in on the contract agree to it.


What is the cost of ununbium?

Ununquadium cannot be a commercial product.


Can you put a lien on your own business?

No, of course not. You cannot owe yourself money. You cannot enter into a contract with yourself therefore there would be no legal basis for a lien.No, of course not. You cannot owe yourself money. You cannot enter into a contract with yourself therefore there would be no legal basis for a lien.No, of course not. You cannot owe yourself money. You cannot enter into a contract with yourself therefore there would be no legal basis for a lien.No, of course not. You cannot owe yourself money. You cannot enter into a contract with yourself therefore there would be no legal basis for a lien.