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What are the specifications of a contract document?

It typically includes the names of the parties, a description of the project or service, the agreed-upon price, and signatures. It formally establishes the contractual relationship. General Conditions: These outline the standard rights, responsibilities, and relationships of the parties involved.

What are contract specifications?

Contract specifications are the documented rules and parameters that define the standardized terms for tradable financial instruments such as futures, options, equities, and other exchange-listed contracts, ensuring that traders, investors, and clearing systems can transact with uniform expectations.