What is a contract?
Each year of a grant program is considered a contract. (For example, a three-year grant would consist of three “contracts.”) Breaking a grant period into contract years provides a mechanism for tracking annual grant activity. For example, if the grant period is from October 1, 2005, to September 30, 2009, the first contract period might be October 1, 2005, to September 30, 2006; the second contract period might be October 1, 2006, to September 30, 2007; and so on for the duration of the grant. Q: What is a “partner agency?” A: A partner agency is an entity that, in cooperation with the grantee/lead agency, designs, executes, and expends financial or human resources on the grant program. The ESFL Program requires a partnership between at least one LEA or IHE and one or more of the other organizations listed below. The 21stCCLC Program encourages partnerships with any of these organizations as well as private organizations. Partners may include one or more: • Local educational agencies (
A contract is an agreement of a set of terms between various parties. The Service Manager uses contracts for various high-value functions. It implements both access contracts and SLA contracts. An access contract is used to define highly granular rule about how a particular user, group or role and can access a service or operation. It can be used to control how many times, how frequently and at what times a user may access a particular operation. For example, the system could only allow a user to use a particular service 10 times per minute during business hours, but unlimited outside those hours. Or a user may only be allowed to use a service 100 times before being denied access. An SLA contract closely models a real-world SLA by monitoring the performance of a service or operation as seen by a particular user, group or role. This allows the creation and monitoring of agreements for different user groups for the same services. For example one group of users may need a contractual comm
A contract is an agreement between two or more parties to do, not do, or promise something. Contracts can come in many forms — they can be oral or written, implied or express, and legally enforceable or not. The strongest contract, in terms of enforceability, has an offer, acceptance, consideration for the exchange, clearly sets out the terms of the agreement without ambiguity, and is signed by the involved parties with proper capacity to enter into the contract. Weaker contracts include verbal agreements or contracts drawn up by parties in direct violation of state or federal laws. There are numerous aspects related to valid contracts; in fact, an entire course in law school is often devoted to contract law. While we tend to think of written contracts when we talk about contracts, the most common type of contract is actually an oral contract. In fact, we pretty much enter into at least one oral contract every day. For example, a parent might tell his or her child that they will get a
Simply put, a contract is a legally enforceable promise or set of promises. So, it follows that contract law determines what promises are enforced, whether promises have been performed, and remedies for breaches of contract (meaning somebody has broken a contract in some way). These remedies are basically compensation for, or fixes to, the breached part of the contract. We’ll get to the bottom of this contract stuff by looking at two areas: the sources of contract law and the requirements for a valid contract. We’ll start with the sources of contract law. The Sources of Contract Law There are basically two sources of contract law: The Uniform Commercial Code (the UCC) and common law. Let’s see how and when each apply to contract law. In the chaotic days before the Uniform Commercial Code, each state in our fair union had its own commercial laws. It was anarchy! Well, it wasn’t that bad, but things were inconsistent. The UCC was created to establish a uniform set of rules to govern comm
A contract is a legally binding agreement between two or more persons. For example, if you purchase any goods; if you buy a house; if you engage a builder to carry out work on your house; if you borrow money; if you order goods or machinery from a manufacturer, these are all types of contracts. The law of contracts is vital to the law which affects consumers. It is a complex area and is governed both by the general law that is, laws which have evolved from decisions made over the years by Judges in relation to contract disputes and secondly, legislation or statutory law laws introduced by government. Examples of these types of statutory laws are the Sale of Goods Act, the Trade Practices Act, the Fair Trading Act, the Credit Act and the Contracts Review Act. Who can make a contract? In New South Wales a person is able to make a contract when they reach 18 years of age. However, there are some circumstances when a person who is younger than 18 will be bound by a contract into which he o
