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

译员Joanne，亚洲顶尖法学院国际贸易专业，擅长翻译涉及媒体、体育和娱乐领域的法律文件。