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2. Automatic renewal clause - Wikipedia

   en.wikipedia.org/wiki/Automatic_Renewal_Clause

   An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...

3. Guaranteed maximum price - Wikipedia

   en.wikipedia.org/wiki/Guaranteed_Maximum_Price

   A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) such that the contractor is compensated for actual costs incurred plus a fixed fee, which is limited to a maximum price. The contractor is responsible for cost overruns greater than the ...

4. Cover (law) - Wikipedia

   en.wikipedia.org/wiki/Cover_(law)

   The buyer may then file a lawsuit against the breaching seller to recover the difference, if any, between the cost of the goods offered and the cost of the goods actually purchased. [ 1 ] [ 2 ] The possibility of cover will prevent a party from being able to sue for specific performance , which is an equitable remedy that requires the buyer ...

5. Cost-plus contract - Wikipedia

   en.wikipedia.org/wiki/Cost-plus_contract

   A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...

6. Listing contract - Wikipedia

   en.wikipedia.org/wiki/Listing_contract

   the successful negotiation of a purchase contract between a satisfactory buyer and seller and the subsequent ability and willingness of the buyer to close the deal, or; finding a satisfactory buyer who is ready, willing, and able to pay the full listing price (or more) for the real estate for sale without any contingencies.

7. No-closing-cost refinance: What it is and how it works - AOL

   www.aol.com/finance/no-closing-cost-refinance...

   A no-closing-cost refinance gets rid of the need to pay refinancing fees upfront, but it’s not free. ... you might opt for a no-closing-cost refinance, which allows you to finance these fees ...

8. Open-book contract - Wikipedia

   en.wikipedia.org/wiki/Open-book_contract

   The project is then invoiced to the customer based on the actual costs incurred plus the agreed margin. It is essentially the same as what is known (especially in the U.S.) as a cost-plus contract. This contract form is popular to ensure that a competitive price is obtained, for instance in cases where tender competitions are impractical.

9. Rate contract - Wikipedia

   en.wikipedia.org/wiki/Rate_contract

   A Rate Contract or a Rate Agreement (RC in short) is an agreement between a buyer and a supplier to obtain products for a fixed unit price or price variation over a specified period of time, as a procurement cost reduction strategy.