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Contract guarantee

An agreement by a third party to be responsible for the performance of a contracting party. There are three major types of contract guarantee: tender bonds, performance guarantees, and repayment guarantees. See Uniform Rules for Contract Guarantees; Uniform Rules for…

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Contract manufacturing

Contract manufacturing in international markets is used in situations when one company arranges for another company in a different country to manufacture its products; this is also known as international subcontracting or international outsourcing. The company provides the manufacturer with…

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Contracting parties

Parties that have entered a contract with each other. Countries that are members of the World Trade Organization (WTO) and therefore have accepted the specified obligations and privileges.

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Contractual joint venture

Agreement in which two parties come together for a particular business project and sign a contract outlining the terms under which they will work together. The parties do not set up a separate legal entity for the project but work…

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