Government contracts
Term · Law · MLC-T-LAW-002334
Agreements between a government entity and a private party for the procurement of goods, services, or construction. These contracts are subject to specific statutes and regulations, such as the Federal Acquisition Regulation (FAR) in the United States, which govern their formation, administration, and performance. They often include clauses related to public policy objectives, such as small business preferences or environmental standards.
| Identifier | MLC-T-LAW-002334 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002334",
"term": "Government contracts",
"field": "Law",
"definition": "Agreements between a government entity and a private party for the procurement of goods, services, or construction. These contracts are subject to specific statutes and regulations, such as the Federal Acquisition Regulation (FAR) in the United States, which govern their formation, administration, and performance. They often include clauses related to public policy objectives, such as small business preferences or environmental standards.",
"url": "https://mlchart.com/terminology/law/government-contracts/"
}
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