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What does it mean to have unilateral pricing policy?

What does it mean to have unilateral pricing policy?

A unilateral pricing policy is when a manufacturer announces the resale price at which it wants a product to be sold, and may refuse to conduct business with any reseller it catches selling those products under the price. Online retail posed an interesting challenge for manufacturers’ UPPs.

Can a company revoke a unilateral contract offer?

As with bilateral contracts, for unilateral contracts an offeror can revoke – take back – an offer at any time before an offeree has accepted it. Any such revocation of a unilateral contract offer should be communicated to the offeree, however.

What makes an offer a unilateral contract?

A unilateral contract is a contract in which only one party undertakes an obligation without any corresponding obligation undertaken by the party accepting the offer. In unilateral contracts, one party – the party making the offer (‘offeror’) – undertakes an obligation to perform in return for some act by the other party.

Can a contractor unilaterally change its cost accounting practices?

(1) The contractor may unilaterally change its disclosed or established cost accounting practices, but the Government shall not pay any increased cost, in the aggregate, as a result of the unilateral change .

What does the CFR say about unilateral changes?

(a) Unilateral changes. (1) The contractor may unilaterally change its disclosed or established cost accounting practices, but the Government shall not pay any increased cost, in the aggregate, as a result of the unilateral change .

When does a unilateral contract need to be revoked?

In principle, a unilateral contract can be revoked when done expressly and before the formation of the unilateral contract. By definition, a unilateral contract is when the offeror promises to pay or obligate himself or herself towards the offeree. The offeror can revoke the offer before the offeree’s performance begins.

What should I know about unilateral contract modifications?

Contract Changes that are directed via Government modification often mean more work and more money for the contractor. However, contractors should consider a number of factors before performing work under a unilateral modification.