L4M3 - CIPS: Commercial Contracting
Latest 2024 Graded A+
Ad-Hoc Purchase An item bought for a single and non-recurring use or purpose
Alternative Dispute Resolution (ADR) Any method of resolving a dispute between two
parties which does not involve court action, including escalation to hi...
L4M3 - CIPS: Commercial Contracting Latest 2024 Graded A+ Ad-Hoc Purchase ✔✔An item bought for a single and non -recurring use or purpose Alternative Dispute Resolution (ADR) ✔✔Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitration Articles of Incorporation ✔✔The legal document creating a commercial company and setting out its purpose Base Year ✔✔The starting point for an index, at which point the ind ex is set to 100 Battle of the Forms ✔✔A series of forms such as orders, delivery notes, etc., issued in sequence by purchaser and supplier, each containing terms that appear to override those on the previous document Bespoke ✔✔Made or provided especiall y for a specific end user Bribery ✔✔The promise, offer or giving of the financial advantage to someone in the expectation that they will improperly perform their functions, or to reward them for having done so; also accepting such a promise, offer or adva ntage (whether or not the function is improperly performed) Category ✔✔A group of goods or services that have shared characteristics CISG ✔✔The Vienna Convention on Contracts for the International Sale of Goods, a United Nations treaty seeking to harmoni ze contract terms for the sale of goods between different countries Closed System ✔✔A system or process that, once started, does not allow new entrants. A framework agreement might have multiple buyers and multiple suppliers, but once set up, no additiona l buyers or suppliers can be added to it. Code of Practice (CoP) ✔✔A set of written rules explaining how people working in a particular profession should behave. Sometimes related to particular professions, they may equally relate to anyone working in a g iven environment or carrying out a particular function Collusion ✔✔Where two or more potential suppliers (or the purchaser and one or more suppliers) secretly co -operate to undermine the competitiveness of a tender process Conflict Minerals ✔✔Metals and minerals sourced from areas where their mining is used to finance armed conflict and is linked to human rights abuses and corruption. The most commonly recognized ones are tin, tungsten, tantalum and gold Contracting State ✔✔A country which has signed the Vienna Convention on CISG Corruption ✔✔A wider term than bribery, includes any improper performance of function in return for some kind of advantage which may or may not be financial, e.g., facilitation payments, nepotism ( favoring of family members), or career promotion. Both the providing and receiving of the advantage are corrupt practices. Debt -Bondage ✔✔A person's pledge of labour or services as security for the repayment of a debt or other obligation, where there is n o hope of actually repaying the debt Defects ✔✔Any aspects of delivery that do not match the specification
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper StellarScores. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €9,83. Je zit daarna nergens aan vast.
