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contract to satisfaction.See satisfaction contract under CONTRACT. [Blacks Law 8th]

contract to pledge.See CONTRACT. [Blacks Law 8th]

contract system.Hist. The practice of leasing prisoners out to private individuals for the prisoners’ labor. [Blacks Law 8th]

contract-specification defense.An affirmative defense that immunizes a contractor from liability for a defect in a product when the contractor has manufactured or performed according to detailed contractual orders. • The defense applies to specialized, single-use components and protects a component supplier from claims of negligent design if the component conforms to the contractual specifications —…

Contracts Clause.The clause of the U.S. Constitution prohibiting states from passing a law that would impair private contractual obligations. • The Supreme Court has generally interpreted this clause so that states can regulate private contractual obligations if the regulation is reasonable and necessary to serve an important public purpose. U.S. Const. art. I, § 10,…

contractor. 1. A party to a contract. 2. More specif., one who contracts to do work or provide supplies for another. competent contractor.A contractor who has the knowledge, skill, experience, and available equipment to do the work that he or she is employed to do without creating an unreasonable risk of injury to others and who has the…

contract of affreightment (<<schwa>>-frayt-m<<schwa>>nt).Maritime law. An agreement for carriage of goods by water. • A contract of affreightment may employ a bill of lading, a charterparty, or both to ship the goods. — Abbr. COA. — Also termed contract of carriage. See CHARTERPARTY. [Cases: Shipping  104. C.J.S. Shipping §§ 247–250, 252–254.] [Blacks Law 8th]

contract not to compete.See noncompetition covenant under COVENANT(1). [Blacks Law 8th]

contract loan.See add-on loan under LOAN. [Blacks Law 8th]

contract labor.See INDEPENDENT CONTRACTOR. [Blacks Law 8th]