20:59
got a random stanford email and almost had a heart attack
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LSDefine
Simple English definitions for legal terms
design-specification contract
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A quick definition of design-specification contract:
A design-specification contract is an agreement between two or more parties that creates obligations that can be enforced by law. It is a written document that sets forth the terms of the agreement. A contract can refer to three things: the actions taken by the parties to create new legal relations, the physical document that serves as evidence of the agreement, and the legal relations resulting from the agreement. A contract is essentially a promise or set of promises that the law recognizes as a duty, and for which a remedy can be sought if the promise is broken.
A more thorough explanation:
A design-specification contract is a type of contract that falls under the category of build-to-print contract. It is an agreement between two or more parties that creates enforceable obligations.
For example, a company may hire a designer to create a specific product, and the designer may be required to follow certain specifications outlined in the contract. The contract would specify the details of the product, such as its size, shape, and materials to be used. The designer would be obligated to follow these specifications, and the company would be obligated to pay for the completed product.
Another example of a design-specification contract is when a construction company is hired to build a specific structure, such as a bridge or a building. The contract would specify the design and materials to be used, and the construction company would be obligated to follow these specifications. The client would be obligated to pay for the completed structure.
Overall, a design-specification contract is a legally binding agreement that outlines the specific details of a project or product, and the parties involved are obligated to fulfill their respective obligations as outlined in the contract.