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Simple English definitions for legal terms

equitable-adjustment theory

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A quick definition of equitable-adjustment theory:

Equitable-Adjustment Theory: This is a rule that says when there is a problem with a contract between the government and a company, the person in charge of the contract should make things fair for both sides. They should do this quickly so that the company doesn't have to wait too long to pay the people they owe money to.

A more thorough explanation:

The equitable-adjustment theory is a principle used in resolving disputes related to federal contracts. According to this theory, the contracting officer should make a fair adjustment within a reasonable time before the contractor has to settle with its subcontractors, suppliers, and other creditors.

For example, let's say a contractor is working on a federal project and encounters unexpected delays due to unforeseen circumstances. As a result, the contractor incurs additional costs and seeks compensation from the government. Under the equitable-adjustment theory, the contracting officer would review the contractor's claim and make a fair adjustment to compensate for the additional costs incurred.

The equitable-adjustment theory ensures that contractors are not unfairly burdened with additional costs due to circumstances beyond their control. By making a fair adjustment, the contracting officer can help the contractor avoid financial difficulties and maintain a positive relationship with subcontractors, suppliers, and other creditors.

equitable action | equitable adoption

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13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
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i just wanna rock
glovediedthisishismom
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bodyadaya
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let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
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Cornell
14:19
@HopefullyinLawSchool What's YM?
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oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
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Ouch
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your*
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I fear I realized too late
babycat
14:20
another victim claimed
concorde
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pwned
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Might have to send in addendums for that
Dkk
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No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
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