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  2. Changes clause - Wikipedia

    en.wikipedia.org/wiki/Changes_clause

    The clause, which has appeared in nearly every U.S. government contract for over 100 years, gives the government the power unilaterally to order contractual modifications. [1] If the parties are unable to agree on compensation to be received by the contractor for the modified work, the contractor shall be entitled to an equitable adjustment .

  3. Parol evidence rule - Wikipedia

    en.wikipedia.org/wiki/Parol_evidence_rule

    The parol evidence rule is a rule in common law jurisdictions limiting the kinds of evidence parties to a contract dispute can introduce when trying to determine the specific terms of a contract [1] and precluding parties who have reduced their agreement to a final written document from later introducing other evidence, such as the content of oral discussions from earlier in the negotiation ...

  4. Collateral contract - Wikipedia

    en.wikipedia.org/wiki/Collateral_contract

    A theory sustains that is feasible to typify letter of credit as a collateral contract for a third-party beneficiary because letters of credit are prompted by the buyer’s necessity and in application of the theory of Jean Domat the cause of a letter of credit is that a bank issue a credit in favor of a seller to release the buyer of his ...

  5. Prima Paint Corp. v. Flood & Conklin Manufacturing Co.

    en.wikipedia.org/wiki/Prima_Paint_Corp._v._Flood...

    Case history; Prior: Defendant's motion for stay to compel arbitration granted in district court; affirmed on appeal by Second Circuit; certiorari granted: Holding; Challenge to enforceability of contract must be decided by arbitrator when contract has arbitration clause unless challenge is to clause itself.

  6. Government procurement in the United States - Wikipedia

    en.wikipedia.org/wiki/Government_procurement_in...

    The Government should make sure there is a release of claims (ROC) clause in the REA's contract modification – FAR / DFARS do not have a sample ROC clause. In the context of FAR Part 12 commercial items, the changes clause requires bilateral agreement. A substantial number of federal cases deal with REAs:

  7. The Hardship Letter: Four Points to Make When Seeking a ... - AOL

    www.aol.com/news/2011-03-28-the-hardship-letter...

    The Hardship Letter: Four Points to Make When Seeking a Home Loan Modification or Short Sale. Tara-Nicholle Nelson. Updated July 14, 2016 at 9:15 PM. foreclosure sign - home loan modification.

  8. Change order - Wikipedia

    en.wikipedia.org/wiki/Change_order

    A change order is work that is added to or deleted from the original scope of work of a contract. Depending on the magnitude of the change, it may or may not alter the original contract amount and/or completion date. A change order may force a new project to handle significant changes to the current project. [2]

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