0
The accepted contract amount refers to the total value agreed upon in a contract between parties, typically specifying the price for goods, services, or construction work. This amount reflects the terms negotiated and accepted by both the buyer and the seller, including any adjustments for changes in scope or unforeseen circumstances. It serves as a benchmark for project budgeting and financial management throughout the contract's duration.
What else can I help you with?
What is offer in contract?
An offer in its shortest form is basically an invitation to contract.
If offered a job by email and accepted by email is that a binding contract?
No.
What is the difference between an invitation to treat and an offer in the context of contract law?
In contract law, an invitation to treat is an invitation for someone to make an offer, while an offer is a specific proposal that, if accepted, forms a legally binding contract. An invitation to treat is not binding, but an offer can be accepted to create a contract.
What is the proper amount of money to obligate at the award of a firm fixed-price contract?
The full amount of the contract
An offer to form a unilateral contract is accepted by a promise to perform?
Yes
What was the deal that the Local 25 eventually accepted?
The Local 25 eventually accepted a deal that included a three year contract.
Can a proposal become a contract?
Yes, if the proposal contains an offer to contract, and that offer is accepted by the other party, and the contract meets all the other legal criteria for enforceability. You should never offer a proposal if you don't want to be bound by the contact that it would create when it is accepted.
Is an offer letter considered a contract?
Yes, an offer letter is typically considered a legally binding contract once it is accepted by the recipient.
Where a promise can only be accepted by the performance of the person to whom it is offered is an example of?
unilateral contract
Can you change the down payment amount after an offer is accepted?
In most cases, the down payment amount cannot be changed after an offer is accepted. It is typically a fixed amount agreed upon in the initial offer.
Where did Heidi Klum go to college?
Hedi Klum never attended college. She was offered a modeling contract and accepted the contract when she finished high school.
What distinguishes a bilateral contract from a unilateral contract?
Simply put- A unilateral contract can be modified or changed by one party and a bi-lateral must be agred upon and accepted by both contractual parties involved.
