Federal Contract
/ˈfed(ə)rəl ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement between a governmental agency and a private party for goods or services.
The company secured a federal contract to supply medical equipment to the military.
Forms
- federal contract
- federal contracts
Related terms
See also
Commentary
Federal contracts are subject to specific regulations and statutes, such as the Federal Acquisition Regulation (FAR), which govern formation, performance, and dispute resolution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.