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COV ITRM Glossary

C

Contract

Definition

When used as a noun in this manual, contract refers to an agreement enforceable by law, between two or more competent parties, to do or not to do something not prohibited by law, for a consideration. A contract is any type of agreement or order for the procurement of goods or services. As a verb, contract has its usual legal sense, signifying the making of an agreement for consideration.


Reference:

DGS, APSPM

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