contingent agreement

contingent agreement

Any agreement under which the rights or obligations of a party are subject to the happening of a stated contingency, e.g., an agreement between an owner and an architect in which part or all of the architect’s compensation is contingent upon the owner’s obtaining funds for the project (such as by successful referendum, sale of bonds, or other financing), or upon some other specially prescribed condition.
References in periodicals archive ?
the option is a prospect for a contingent agreement, the use of which is announced about six (6) months before the end of the actual contract period.
GN ReSound has also entered into a contingent agreement to acquire the Audigy, the company said.
The IRS position is that the entire award, including attorney fees under a contingent agreement or fee award, must be reported as income by the plaintiff and again as income by the attorney.
The slow pace of negotiations with the government means the best a major utility can hope for is a complex, contingent agreement that holds them over until all these variables are settled.
The option is the option of a contingent agreement whose use is announced separately about six (6) months before the end of the contract period.
The option is the option of a contingent agreement, The use of which is subject to a separate decision before the end of the contractual term.
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