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Commonly Asked Questions about US State-specific Contracts

Where one party is making a purchase from another party, contracts that may be necessary or wise include: Bills of Sale. Purchase Orders. Agreements for the Sale of Goods. Warranties. Limited Warranties. Disclaimers. Security Agreements.
Statewide contracts are a type of Leveraged Procurement Agreement (LPA), used as one of the states main procurement vehicles for leveraging its buying power. Most are mandatory for state departments.
State contract means an agreement or contract with the state or any state agency or any quasi-public agency, let through a procurement process or otherwise, having a value of fifty thousand dollars or more, or a combination or series of such agreements or contracts having a value of one hundred thousand dollars or more
Federal government contracts are commonly divided into two main types, fixed-price and cost-reimbursement. Other contract types include incentive contracts, time-and-materials, labor-hour contracts, indefinite-delivery contracts, and letter contracts.
The Statute of Frauds is a state law that requires that certain contracts be evidenced in writing in order for them to be valid; in most cases, they must be signed by both parties, though there are instances where they only need to be signed by one. Usually, binding contracts can be oral or written.
The Four Primary Types of Government Contracts Fixed-price contracts. Cost-reimbursement contracts. Time and materials contracts. Indefinite delivery/Indefinite quantity (IDIQ) Contracts.
A federal government contractor is a person who enters into a contract, or is bidding on such a contract, with any agency or department of the United States government and is paid, or is to be paid, for services, material, equipment, supplies, land or buildings with funds appropriated by Congress.
Contract law is generally governed by state common law, and while general overall contract law is common throughout the country, some specific court interpretations of a particular element of the contract may vary between the states.