Define: Principal Contract
Principal Contract means an agreement where a chosen contractor provides specified goods or services.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Principal Contract means an agreement where a chosen contractor provides specified goods or services.
Relevant Circumstances
- Procurement of goods or services
- Hiring of a contractor for a specific task or project
- Entering a business relationship with a third-party supplier or service provider