A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Breach of contract on sales of goods can only occur if the sale involves a legally binding purchase contract between a buyer and a seller. Purchase agreements can be absolute or conditional, meaning ...

The U.S. Navy has awarded five companies separate contracts to provide a conceptual design of the service™s future guided missile frigate. The military branch will use the conceptual design phase to ...

The U.S. Navy has awarded contracts to General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary and HII’s (NYSE: HII) Ingalls Shipbuilding division to perform shipbuilder engineering and design ...

The U.S. Air Force (USAF) announced at the 23rd National Space Symposium that it has awarded XCOR Aerospace a Small Business Innovative Research (SBIR) Phase 1 contract to design and analyze a ...

Astranis is one of five firms selected to design PTS-G spacecraft for the U.S. Space Force Credit: Astranis WASHINGTON — The U.S. Space Force has awarded contracts to five companies to develop ...

With Montreal’s $88.9-million plan to redesign Camillien-Houde Way now on ice, questions are being raised about a $12.8-million contract that the Plante administration awarded in March to carry out ...