Contract price

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A contract price is the price listed in the contract for the good or services to be received in return.

Contents 1 Contract law 1.1 Common law 2 See also 3 References 4 External links

[edit] Contract law

[edit] Common law

In contract law, the contract price is a material term. The contract price as the price for the good or services to be received in the contract determines whether a contract may exist. If the contract price is not included, then upon litigation the court may hold that a contract did not exist.

In litigation, the contract price is a factor for determining damages upon a party forsaking its contractual obligations. The contract price as a point of reference may help determine the expectancy interest of the party suffering damages as well as the reliance interest along with damages under promissory estoppel.

[edit] See also

• Contract
• Uniform Commercial Code

[edit] References

[edit] External links