Term -Basic agreement

Basic agreement is a written instrument of understanding, negotiated
between an agency or contracting activity and a contractor, that:
    (1) contains contract clauses applying
to future contracts between the parties during its term and
    (2) contemplates separate future
contracts that will incorporate by reference or attachment the required
and applicable clauses agreed upon in the basic agreement.

A basic agreement is not a contract.

Pin It on Pinterest

Share This