Search results
Results From The WOW.Com Content Network
Reasonable and non-discriminatory (RAND) terms, also known as fair, reasonable, and non-discriminatory (FRAND) terms, denote a voluntary licensing commitment that standards organizations often request from the owner of an intellectual property right (usually a patent) that is, or may become, essential to practice a technical standard. [1]
US government procurement policy strongly favours use of fixed-price contracts, [7] although Federal Acquisition Regulations do outline when they are "suitable" and the necessary basis on which "fair and reasonable prices" can be determined. [1]: Part 16.202-2 They are suitable, in particular, for the supply of products available commercially.
"Oh, I feel some type of way," exclaimed Tonya, whose price dropped by nearly $5,000 a year when the agent shifted her address to a predominantly white suburb about 15 minutes from her home.
In U.S. law, the legal concept of implied covenant of good faith and fair dealing arose in the mid-19th century because contemporary legal interpretations of “the express contract language, interpreted strictly, appeared to grant unbridled discretion to one of the parties”. [1] In 1933, in the case of Kirke La Shelle Company v.
In making her ruling, she said she considered the sale price "fair and reasonable." Creditors who wanted the bid set aside noted that Crestlloyd, the bankrupt limited liability company that owns ...
The fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. United States v. Cartwright, 411 U. S. 546, 93 S. Ct. 1713, 1716-17, 36 L. Ed. 2d 528, 73-1 U.S. Tax Cas.
Fairness effect – buyers are more sensitive to the price of a product when the price is outside the range they perceive as "fair" or "reasonable" given the purchase context. The framing effect – buyers are more price-sensitive when they perceive the price as a loss rather than a forgone gain, and they have greater price sensitivity when the ...
Utility ratemaking is the formal regulatory process in the United States by which public utilities set the prices (more commonly known as "rates") they will charge consumers. [1] Ratemaking, typically carried out through "rate cases" before a public utilities commission , serves as one of the primary instruments of government regulation of ...