TYPES OF CONTRACTS

Major types of contracts

Introduction

A contract is a voluntary agreement, verbal or written, expressed in common between two or more persons with ability (parts of the contract), to undertake there under, regulating their relations for a particular purpose or anything, and whose may compel compliance with a reciprocal basis, if the contract is bilateral, or coercing a party to the other, if the contract is unilateral. (Tina, 2003)

The contract sum is an agreement of wills that generates 'rights and obligations relative', i.e. only the contracting parties and their successors. In addition to the voluntary agreement, some contracts call for perfection, other acts of legal significance, such as making a particular delivery (actual contracts), or require special document formalized in contracts (formal), so that in such cases special, with the sole desire is not enough. However, the contract generally connotes wealth, even in part on those held in the framework of family law, and is part of the category of the broader legal business. Elementary function of the contract is cause legal effects (i.e., bonds payable), so that subjects that relationship does not result in legal effect cannot be attributed contractual quality.

In each country, or in every state, there may be a different set of requirements, but the basic concept of contract is essentially the same. The divergence of requirements has to do with the variety of socio-cultural and legal aspects of a country (so, for example, there are systems in which the contract is not limited to the field of economic rights only, but also includes personal and family rights, for example, countries in which the marriage is considered a contract).

Types of Contract

At present, according to the labor reform, there are up to 16 different labor contracts. Here are the most common types of contracts you may encounter when entering the labor market. In each specify what features to know what rights and obligations you have to meet you and the company that hires you.

Firm fixed price contract

Cost plus fixed fee contract

cost no fee contract

Firm fixed price contract

Fixed price contract (fixed price contract) is evil - is that you can often hear from programmers. But we must accept that these contracts are a reality faced by all teams. And let's instead deal with such a contract, we will use it How can a company do such a contract? Can we develop a flexible approach to achieve better results with less risk? In this article we will try to answer these questions.

A fixed price contract means to freeze all three magical factors: money, time and workload. Are prices and the time complexity for agile teams? In fact, limit the amount - the current practice of Agile (time boxing, Agile in the limitation of going after counting the total time of all tasks that are scheduled in the iteration and the cutoff of all for which we have no resource; means we have limited capacity, but there are limitations based on the available time / resource ...