contract

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Related to Contractual obligations: consideration, Contractual agreement, Binding Agreements

con·tract

(kon-trakt'),
1. To shorten; to become reduced in size; in the case of muscle, either to shorten or to undergo an increase in tension.
2. To acquire by contagion or infection.
3. An explicit bilateral commitment by psychotherapist and patient to a defined course of action to attain the goal of the psychotherapy.
[L. con-traho, pp. -tractus, to draw together]

contract

/con·tract/ (kon-trakt´)
1. to shorten, or reduce in size, as a muscle.
2. to acquire or incur.

contract

(kən-trăkt′, kŏn′trăkt′)
v.
1. To reduce in size by drawing together; shrink.
2. To become reduced in size by or as if by being drawn together, as the pupil of the eye.
3. To acquire or incur by contagion or infection.

contract

Etymology: L, con + trahere, to draw
1 n, [kon′trakt] , an agreement or a promise that meets certain legal requirements, including competence of both or all parties to make the contract, proper lawful subject matter, mutuality of agreement, mutuality of obligation, and consideration (the exchange of something of value in payment for the obligation undertaken).
2 v, [kəntrakt′] , to make such an agreement or promise. contractual, adj.

contract

A written, dated and signed agreement between two or more parties, which sets out any arrangements on delegation and distribution of tasks and obligations, and, if appropriate, on financial matters. A clinical trial protocol may serve as the basis for a contract.

contract

Managed care A health care policy or plan in which a provider offers certain services delineated in writing, to which the purchaser–Pt agrees by signature. See Guaranteed renewable contract, Provider risk contract, Subscriber contract.

con·tract

(kon'trakt, kŏn-trakt')
1. To shorten; to become reduced in size; in the case of muscle, either to shorten or to undergo an increase in tension.
2. To acquire by contagion or infection.
3. An explicit bilateral commitment by psychotherapist and patient to a defined course of action to attain the goal of the psychotherapy.
[L. con-traho, pp. -tractus, to draw together]

contract

to shorten or reduce in size, e.g. a muscle

contract

agreement between patient and clinician, to promote patient compliance

con·tract

(kon'trakt, kŏn-trakt')
1. Explicit bilateral commitment by dentist and patient to a defined course of action to attain the goal of therapy.
2. To acquire by contagion or infection.
3. To shorten; to become reduced in size.
[L. con-traho, pp. -tractus, to draw together]

contract,

n 1. an agreement based on sufficient consideration between two or more competent parties to do or not to do something that is legal.
2. a legally enforceable agreement between two or more individuals or entities that confers rights and duties on the parties. Common types of contracts include (1) those contracts between a dental benefits organization and an individual dental provider to provide dental treatment to members of an alternative benefits plan. These contracts define the dental provider's duties both to beneficiaries of the dental benefits plan and the dental benefits organization, and usually define the manner in which the dental provider will be reimbursed; and (2) contracts between a dental benefits organization and a group plan sponsor. These contracts typically describe the benefits of the group plan and the rates to be charged for those benefits.
contract, breach of,
n the failure, without legal excuse, to perform an obligation or duty in a contract.
contract dentist/dental professional,
n a practitioner who contractually agrees to provide services under special terms, conditions, and financial reimbursement arrangements.
contract dentistry,
n 1. the providing of dental care under a specific set of guidelines and for a specific set of individuals under an accepted written agreement by the patient, dental professional, and employer.
2. the practice of dentistry whereby the dentist/dental professional enters into a written agreement with either patients or an employer to provide dental care for a set group of people.
contract, express,
n a contract that is an actual agreement between the parties, with the terms declared at the time of making, being stated in explicit language either orally or in writing.
contract fee schedule plan,
n a dental benefits plan in which participating dental professionals agree to accept a list of specific fees as the total fees for dental treatment provided.
contract, implied,
n a contract not evidenced by explicit agreement of the parties but inferred by the law from the acts and circumstances surrounding the transactions.
contract, open-end,
n 1. a contract that permits periodic reevaluation of the dental plan during the contract year. If indicated by the reevaluation, dental services may be deleted or added to achieve a balance between the premium and cost of service provided.
2. a contract that sets no dollar limits on the total services to be provided to beneficiaries but does list the particular services that will be included in the plan.
contract practice,
n a type of dental practice in which an employer or third-party administrator contracts directly with a dental professional or group of dental professionals to provide dental services for beneficiaries of a plan. See also closed panel.
contract term,
n the period, usually 12 months, for which a contract is written.
References in periodicals archive ?
Late compliance with contractual obligations can result in the contract taking longer than anticipated thereby incurring additional costs.
Recommendation: Thus, taxpayers who wish to support a current deduction for advance tuition and fee payments to special schools must establish that the payments are made pursuant to a contractual obligation.
In July of this year a Federal Judge found the cuts were illegal because they violated the company's contractual obligation to the retirees.
It is Global Vehicles' intention to pursue this litigation as expeditiously as possible to obtain Mahindra & Mahindra's compliance with its contractual obligations.
The IAM is accusing Boeing of violating a contractual obligation to give 180 days notice before such decisions and to allow time for the union to suggest alternatives.
If the provider does not provide a guarantee for the proper performance of contractual obligations in accordance with the terms of the contract.
Hamlin allegedly failed to fulfill contractual obligations with a PR firm that he hired in April 2008, leaving the company in financial strain of about $50,000.
But Simpson refused to answer details about the case because of contractual obligations to the producers of "O.
In addition, an LLC may offer a way to limit a member's vicarious liability for the torts and contractual obligations incurred by other members.
Mintek chose to sign that license for its own convenience, and MPEG LA will not tolerate Mintek's failure to meet the contractual obligations expected of all licensees.
The Company has $740 million in contractual obligations to close and funding the first $40 million is expected to produce estimated pre-tax earnings of $0.
The new company is expected to provide a substantially larger balance sheet than existed for Heritage and with that strength the new company is expected to fund in 2007 the $740 million in ICCC's BCLOC contractual obligations.