Stated value contract definition
WebA covenant or agreement between two or more persons, with a lawful consideration or cause. Jacob. A deliberate engagement between competent parties, upon a legal consideration, to do, or abstain from doing, some act Wharton. A contract or agreement is either where a promise is made on one side and assented to on the other; or where two or … WebNov 26, 2003 · A stated value is an amount assigned to a corporation's stock for internal accounting purposes when the stock has no par value. Like par value —which is the face …
Stated value contract definition
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WebExamples of Aggregate Stated Value in a sentence. Each share of the Series A Preferred Stock shall be redeemable at the option of the holder, at any time after the date of issuance of such share, for the payment of cash by the Corporation to the holder equal to the Aggregate Stated Value of the shares of Series A Preferred Stock that holder elects to … WebNov 23, 2016 · A legally binding contract needs three main elements: an offer, consideration, and acceptance. While the terms "offer" and "acceptance" are fairly straightforward -- an offer is made, and either rejected or accepted -- "consideration" refers to something of value that is being gained through the contract.
WebOct 22, 2015 · Additional Resources. For other materials on this topic, please refer to the following. ABA Web Store. A Manual of Style for Contract Drafting With A Manual of Style for Contract Drafting, Kenneth A. Adams has created a uniquely in-depth survey of the building blocks of contract language.This manual focuses on how to express contract terms in … WebDec 27, 2024 · A cost-plus contract is an agreement to reimburse a company for expenses plus a specific amount of profit, usually stated as a percentage of the contract’s full price.
WebApr 5, 2024 · noun. stat· ed value. : the value assigned in a corporation's books to stock and especially to no-par value stock. Note: Stated value is sometimes based on the actual amount received when stock is issued, but it can also be an arbitrarily low value. It has no relation to the market value of the stock. WebNov 9, 2024 · The government places delivery orders (for supplies) or task orders (for services) against a basic contract for individual requirements. Minimum and maximum …
Webstated value A value assigned to common stock by the firm's management for purposes of financial statements. Stated value, used in place of par value, is calculated on a per-share …
WebMay 2, 2016 · The parties to the contract have approved the contract (in writing, orally, or in accordance with other customary business practices) and are committed to perform their … fitt acronym hopeWebA contract is a legal agreement between at least two competent individuals or parties that benefits both sides. Most contracts contain some type of offer that is made by one party and accepted by the other. An agreement can be implied, oral, or written, as well as informal or formal. An example of an implied contract might be in a long-term ... can i download my manuscript from kdpWebcontract. 1) n. an agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration. Since the law of contracts is at the heart of most business dealings, it is one of the three or four most significant areas of legal concern and can involve ... fitt acsmWebContract terminology Glossary. You can visit our contract terminology glossary for a comprehensive list of legalese. Below are some of the most important phrases you need to know. Ab Initio (Ab Init ): Latin, meaning from the beginning. Alternative Dispute Resolution (ADR): methods of attempting to resolve a dispute without going to court. fitt acronym stands forWebNov 9, 2024 · Indefinite delivery, indefinite quantity contracts provide for an indefinite quantity of services for a fixed time. They are used when GSA can’t determine, above a specified minimum, the precise quantities of supplies or services that the government will require during the contract period. fitt acronym peWebFeb 26, 2024 · Standard of value is an agreed-upon worth for a transaction in a country's medium of exchange , such as the dollar or peso. A standard of value allows all … fit taguaiWebA Cost contract reimburses allowable costs up to the specified total awarded amount of the contract in which the contractor receives no fee or profit. Used for research and … fitta in swedish