noncompetitive contract

Definition of noncompetitive contract

chiefly US

  1. :  a contract unfairly given to a company without seeing if another company would do the job for less money

Word by Word Definitions

  1. :  a binding agreement between two or more persons or parties

    :  one legally enforceable

    :  a business arrangement for the supply of goods or services at a fixed price

  1. :  to bring on oneself especially inadvertently :  incur

    :  to become affected with

    :  to establish or undertake by contract

  1. :  hired to execute a contract (see 1contract 1a)

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