equitable adjustment theory

equitable-adjustment theory. The doctrine that in settling a federal contract dispute, the contracting officer should make a fair adjustment within a reasonable time before the contractor has to settle with its subcontractors, suppliers, and other creditors. [Cases: United States 70(20).C.J.S. United States §§ 120–122.]

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词条贡献者

双语律师Jenna，国际知名法学院环境法专业，擅长翻译各类与环境、社会及管治 (ESG)相关的法律文件。