Actions

S007

Award Contract

The activities associated with writing or receiving and reviewing and accepting the contract for products or services. This may include requesting a formal legal review of the contract language by a qualified legal expert.

In general a purchase contract consists of four basic elements:

  • Agreement (offer by seller and acceptance by buyer)
  • Terms and Conditions (mutual obligations)
  • Named parties (seller and buyer)
  • Language that is legally binding and enforceable

Final acceptance of the contract may be delayed when the terms of the offer differ from the terms of the acceptance (contractual language).

Notes

A Memorandum of Understanding generally does not constitute a contract.

Disclaimer: OpenReference does not provide legal advice and OpenReference Initiative is not a law firm. Denied Party List

Hierarchy

IDNameLevelx
S0Strategic Sourcing2S0
S007Award Contract3S007

Term(s)

IDNameClearx
DPLDenied Party ListDPL
Award Contract Strategic Sourcing 200700 3 {{{keywords}}} {{{description}}}