A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Design contracts for NASA's Ares V cargo launch vehicle (CaLV) and its Altair lunar lander payload are to be awarded in the next few days and weeks. Both are key to NASA's plan to go to the Moon from ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Discharge of a contract occurs when the main obligations of a contract end. The ending of this contract entails a termination of a contractual relationship. Yet parties may terminate a contract even ...

With Montreal’s $88.9-million plan to redesign Camillien-Houde Way now on ice, questions are being raised about a $12.8-million contract that the Plante administration awarded in March to carry out ...