Contract holder legal definition
What is the meaning of contract owner?
A contract owner is someone who owns the contract and can use it as a tool to solidify business deals.
In real estate, the contract owner is also synonymous with owner financing, and it is used to purchase real estate, where the seller or owner offers the property to a buyer through a real estate agent..
- Contracting Person means an individual, person, corporation, general partnership, limited liability company, limited partnership, joint venture, business trust, public benefit corporation, nonprofit entity, or other business entity that enters into a Comprehensive or Interim Agreement with the Procurers for the Project
A contract holder is an individual or organization owed a return on a contractual obligation. If all parties meet the terms of the contract, the contract holder receives the full benefits outlined in the contract.
A contract holder is the entity that is owed a payment in return for the fulfillment of the terms of a contract. The term contract holder is most commonly applied to insurance contracts, but can also be used in other types of finance.
What Is a Contract Holder? A contract holder is an individual or organization owed a return on a contractual obligation. If all parties meet the terms of the contract, the contract holder receives the full benefits outlined in the contract.
What Is A Contract Holder?
A contract holder is an individual or organization owed a return on a contractual obligation. If all parties meet the terms of the contract, the c… Understanding A Contract Holder
A contract holder is the entity that is owed a payment in return for the fulfillment of the terms of a contract. Contract holders are commonplace in finance and c… Contract Holders and Misrepresentation
In the context of insurance, contract holders exchange premiums for contractually obligated benefits. Any individual or group that purch… Who is a contract holder?
Contract Holder means the employer, labor union, association, trustee, creditor or other entity to which a group contract evidencing coverage is issued
[PL 1997, c 344, §1 (NEW)
] Contract Holder means the person to whom the benefit plan is issued
Any other person approved for coverage with the contract holder under this plan is a dependent
Who is a deal holder?
A person or a firm designated as the proprietor of a financial liability or money which is expected to be received (as a return) at a later date
The deal holder gets any remuneration or perks stated in the deal, provided that all the terms or conditions associated with it are met
Who is a holder of a negotiable instrument?
(21) " Holder " means: (A) the person in possession of a negotiable instrument that is payable either to bearer or to an identified person that is the person in possession; or (B) the person in possession of a document of title if the goods are deliverable either to bearer or to the order of the person in possession
A contract holder is the entity that is owed a payment in return for the fulfillment of the terms of a contract. The term contract holder is most commonly applied to insurance contracts, but can also be used in other types of finance.Contract holders are individuals or other entities that are designated as the owner of a debt obligation, security, or other type of segregated fund where there is the expectation of receiving some type of return in the future.CONTRACT HOLDER Definition & Legal Meaning Definition & Citations: A person or a firm designated as the proprietor of a financial liability or money which is expected to be received (as a return) at a later date.Contract Holder means any non - governmental party to a sole source government contract, including persons that control ten percent or more shares or interest in that party; or that party's officers, directors or trustees; or, in the case of collective bargaining agreements, the labor organization and any political committees created or controlled by the labor organization;Contractor or Contract Holder means an entity which holds a specific contract (e.g. PT-----under Group 77201, Award 20191.
Governmentwide acquisition contracts is the process by which agencies of the federal government purchase goods and services (procurement); these involve legal contracts between the agency and a private business.
A GWAC is an acquisition tool that facilitates and streamlines the purchasing of IT solutions by United States federal government departments and agencies, while ensuring that the many government-mandated rules are followed.
These rules are complex, deriving from laws and regulations that guide the purchasing processes of each agency.
According to the GSA website, A Governmentwide Acquisition Contract (GWAC) is a pre-competed, multiple-award, indefinite delivery, indefinite quantity (IDIQ) contract that agencies can use to buy total IT solutions, including both products and services.
Federal agencies may create GWACs to support the work of the federal government.
This has been done by the GSA, NIH and NASA (SEWP).
A GWAC is not necessarily restricted to the agency that runs it .
All IDIQs, including GWACs, are regulated by FAR, a set of rules and regulations that must be followed by federal agencies and resellers of goods and services to the government in the procurement process.
