Search results
Results from the WOW.Com Content Network
Proof of concept testing of oil cleanup equipment. Proof of concept (POC or PoC), also known as proof of principle, is a realization of a certain idea, method or principle in order to demonstrate its feasibility, [1] or viability, [2] or a demonstration in principle with the aim of verifying that some concept or theory has practical potential.
Well known examples of feature films produced following a successful concept trailer pitch were The Lord of the Rings film series, Looper [2] The Hunger Games, [3] Machete, Sky Captain and the World of Tomorrow, the Super Troopers films, Iron Sky, Pickings, Miles Ahead, Hardcore Henry, Lazer Team, The Peanut Butter Falcon and others.
The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, [1] joint venture agreements, real property lease agreements and several other categories of agreements often make use of a letter of intent.
Proof of Concept, an accelerator program supporting women, trans and nonbinary filmmakers founded by Oscar winner Cate Blanchett, producer Coco Francini and Dr. Stacy L. Smith, has set its ...
Meeting of the minds (also referred to as mutual agreement, mutual assent, or consensus ad idem) is a phrase in contract law used to describe the intentions of the parties forming the contract. In particular, it refers to the situation where there is a common understanding in the formation of the contract.
In 1986, DARPA placed a contract with Scaled Composites, a company set up by Burt Rutan and owned by Beechcraft to build prototypes for advanced aircraft, for a 62% scale proof-of-concept demonstrator for the concept, called the Advanced Technology Tactical Transport (shortened to ATTT or AT 3).
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. [1]
Revenues and gross profit are recognized each period based on the construction progress, in other words, the percentage of completion. Construction costs plus gross profit earned to date are accumulated in an asset account (construction in process, also called construction in progress), and progress billings are accumulated in a liability account (billing on construction in process).