service contracts

What Types Of Contracts Are Covered By The Uniform Commercial Code?

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What Types Of Contracts Are Covered By The Uniform Commercial Code? The Uniform Commercial Code (UCC) contains rules applying to many types of commercial contracts, including contracts related to the sale of goods, leasing of goods, use of negotiable instruments, banking transactions, letters of credit, documents of title for goods, investment securities, and secured transactions.

What Is An Option Year In Government Contracts?

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What Is An Option Year In Government Contracts? Option years are a common feature of service contracts with the federal government. Many such contracts provide for a base period of performance and then allow the Government to exercise one or more options to extend the contract term. What means option year? Option Year means the