Contracts

Royalties
Payments made to owners of natural resources, intellectual properties, or creative works under specified agreements.
Contractual Savings
Understanding the concept, implications, and analytical frameworks around contractual savings.
Escalator Clause
Definition and meaning of an escalator clause in economic terms.
Forward and Futures Contracts
Contracts for the future delivery of a commodity, financial asset, or financial index.
Gazumping
Reneging by the seller of a property on an agreement to sell due to a higher offer by an alternative buyer.
Guarantee
A comprehensive overview of the concept of 'Guarantee' in economics, including its meanings, contexts, and applications.
Implicit Contract
An understanding between parties on acceptable forms of behaviour that is not part of any formal agreement.
Opportunism
The tendency for one party in a bargain to attempt to change the terms in their favour once the other party has committed itself.
Reneging
The act of going back on a promise, contract, or bargain in economic contexts.
Restraint of Trade
A term in a contract that restricts a person’s right to exercise a trade or carry on business.
Tender
A bid to undertake a project encompassing information on the bidder, project approach, and pricing.