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2. Fixed-price contract - Wikipedia

   en.wikipedia.org/wiki/Fixed-price_contract

   According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Incentive Fee Contract (FPIF) is a "type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets the defined performance criteria". [3]

3. Consideration - Wikipedia

   en.wikipedia.org/wiki/Consideration

   As a result, contracts in the United States have sometimes have had one party pass nominal amounts of consideration, typically citing $1. Thus, licensing contracts that do not involve any money at all often cite as consideration, "for the sum of $1 and other good and valuable consideration."

4. Performance bond - Wikipedia

   en.wikipedia.org/wiki/Performance_bond

   A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .

5. Breach of contract - Wikipedia

   en.wikipedia.org/wiki/Breach_of_contract

   Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance. Breach occurs when a party to a contract fails to fulfill its obligation(s), whether ...

6. Third-party beneficiary - Wikipedia

   en.wikipedia.org/wiki/Third-party_beneficiary

   These include all of the traditional basis by which the formation of a contract may be challenged (e.g., lack of capacity, lack of consideration, the statute of frauds) and all of the traditional bases by which non-performance on the contract may be excused (e.g., failure of consideration, impossibility, illegality, frustration of purpose).

7. Law of obligations - Wikipedia

   en.wikipedia.org/wiki/Law_of_obligations

   A contract can be broadly defined as an agreement that is enforceable at law. Gaius classified contracts into four categories which are: contracts consensu, verbal contracts, contracts re, and contracts litteris. But this classification cannot cover all the contracts, such as pacts and innominate contracts; thus, it is no longer used.