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  2. Service-level agreement - Wikipedia

    en.wikipedia.org/wiki/Service-level_agreement

    A service-level agreement is an agreement between two or more parties, where one is the customer and the others are service providers. This can be a legally binding formal or an informal "contract" (for example, internal department relationships). The agreement may involve separate organizations or different teams within one organization.

  3. Side letter (contract law) - Wikipedia

    en.wikipedia.org/wiki/Side_letter_(contract_law)

    A side letter or side agreement or side letter arrangement is an agreement that is not part of the underlying or primary contract or agreement, and which some or all parties to the contract use to reach agreement on issues the primary contract does not cover or for which they require clarification, or to amend the primary contract.

  4. Termination fee - Wikipedia

    en.wikipedia.org/wiki/Termination_fee

    Termination fees are common to service industries such as cellular telephone service, subscription television, and so on, where they are often known as early termination fees. For instance, a customer who purchases cellular phone service might sign a two-year contract, which might stipulate a $ 350 fee if the customer breaks the contract.

  5. NJ Transit awards $85M contract to bus company accused of ...

    www.aol.com/nj-transit-awards-85m-contract...

    The contract, which starts in September, comes as Academy pays off a $20.5 million settlement reached with the New Jersey Office of the Attorney General in 2022 after facing accusations of ...

  6. 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 ...

  7. NJ Transit contract to cut $300M in costs hidden from public ...

    www.aol.com/nj-transit-contract-cut-300m...

    The goal of a consultant hired to do a restructuring analysis of NJ Transit was to identify $300 million in cuts for the coming fiscal year NJ Transit contract to cut $300M in costs hidden from ...

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