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Simple English definitions for legal terms

turnkey contract

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A quick definition of turnkey contract:

A turnkey contract is an agreement between two or more parties that creates obligations that are enforceable by law. It is a type of engineering, procurement, and construction contract. The contract can refer to the series of actions taken by the parties, the physical document that records the agreement, or the legal relations resulting from the agreement. In simpler terms, a turnkey contract is a promise that the parties involved will fulfill their obligations, and if they don't, there will be consequences.

A more thorough explanation:

A turnkey contract is a type of engineering, procurement, and construction contract. It is an agreement between two or more parties that creates enforceable obligations. The turnkey contract is a type of contract where the contractor is responsible for the entire project from start to finish. This includes design, construction, and commissioning. The contractor is responsible for delivering a completed project that is ready to use.

An example of a turnkey contract is when a company hires a contractor to build a new factory. The contractor is responsible for designing the factory, procuring the necessary materials, constructing the building, and commissioning the equipment. The company only needs to provide the funds and the specifications for the factory. Once the project is complete, the company can start using the factory.

Another example of a turnkey contract is when a government hires a contractor to build a new road. The contractor is responsible for designing the road, procuring the necessary materials, constructing the road, and commissioning the traffic signals. The government only needs to provide the funds and the specifications for the road. Once the project is complete, the road is ready for use by the public.

These examples illustrate how a turnkey contract works. The contractor is responsible for the entire project, from start to finish. The client only needs to provide the funds and the specifications. The contractor delivers a completed project that is ready to use.

turnkey | turnkey drilling contract

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letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
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