48 CFR Part 2816 – Types of Contracts
Current as of: 2024 | Check for updates
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Other versions
| Subpart 2816.2 | Fixed-Price Contracts |
| Subpart 2816.5 | Indefinite-Delivery Contracts |
| Subpart 2816.6 | Time-and-Materials, Labor-Hour, and Letter Contracts |
Terms Used In 48 CFR Part 2816 - Types of Contracts
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Decedent: A deceased person.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.