Firm Price definition: Copy, customize, and use instantly
Introduction
The term "Firm Price" refers to a fixed, non-negotiable amount agreed upon by the parties for the sale of goods, provision of services, or completion of a project. A firm price remains unchanged regardless of fluctuations in costs, market conditions, or other variables unless otherwise specified in the agreement. It is often used in contracts to provide certainty and stability in pricing arrangements.
Below are various examples of how "Firm Price" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Firm Price" in supply agreements
This definition ties "Firm Price" to product purchases.
"Firm Price" means the agreed-upon price for the goods specified in this agreement, which shall not be subject to adjustment due to changes in production or material costs.
Definition of "Firm Price" in construction contracts
This definition connects "Firm Price" to project costs.
"Firm Price" refers to the fixed price agreed upon for the completion of the construction project, including labor, materials, and other associated costs, as specified in the contract.
Definition of "Firm Price" in service agreements
This definition links "Firm Price" to service fees.
"Firm Price" means the fixed fee for the services provided under this agreement, which shall not be altered due to changes in time, resources, or market conditions.
Definition of "Firm Price" in procurement agreements
This definition applies "Firm Price" to vendor contracts.
"Firm Price" includes the fixed price quoted by the vendor for the goods or services procured under this agreement, which shall remain unchanged for the duration of the contract.
Definition of "Firm Price" in government contracts
This definition ties "Firm Price" to public procurement.
"Firm Price" means the fixed amount agreed upon by the contractor and the government agency for the supply of goods or services, unaffected by changes in costs or market conditions during the contract term.
Definition of "Firm Price" in fixed-term contracts
This definition connects "Firm Price" to agreed-upon durations.
"Firm Price" refers to the fixed price agreed to remain in effect for the specified term of the contract, regardless of fluctuations in external factors.
Definition of "Firm Price" in energy supply agreements
This definition links "Firm Price" to utility pricing.
"Firm Price" includes the fixed rate agreed upon for the supply of energy or utilities over a defined period, unaffected by changes in production or market rates.
Definition of "Firm Price" in equipment lease agreements
This definition ties "Firm Price" to leasing costs.
"Firm Price" means the fixed payment amount agreed upon for the lease of equipment, which shall not change throughout the lease period unless specified otherwise.
Definition of "Firm Price" in technology licensing agreements
This definition connects "Firm Price" to intellectual property fees.
"Firm Price" refers to the non-adjustable fee agreed upon for the licensing of technology or intellectual property under this agreement.
Definition of "Firm Price" in retail supply contracts
This definition links "Firm Price" to wholesale agreements.
"Firm Price" means the agreed-upon price for bulk purchases of goods, fixed for the duration of the supply contract regardless of market price changes.
Definition of "Firm Price" in fixed-bid contracts
This definition ties "Firm Price" to competitive bidding.
"Firm Price" refers to the fixed price submitted by a bidder, which, if accepted, shall remain unchanged for the scope of work specified in the bid.
Definition of "Firm Price" in real estate agreements
This definition connects "Firm Price" to property transactions.
"Firm Price" includes the fixed purchase price for real estate, agreed upon in the sale agreement and unaffected by appraisal or market value fluctuations.
Definition of "Firm Price" in freight and logistics contracts
This definition links "Firm Price" to transportation costs.
"Firm Price" means the fixed fee for transportation or freight services under this agreement, which shall not change regardless of fuel price variations or other cost changes.
Definition of "Firm Price" in healthcare service agreements
This definition ties "Firm Price" to patient billing.
"Firm Price" refers to the agreed-upon fixed rate for healthcare services or procedures, which shall not be adjusted due to changes in medical supply or labor costs.
Definition of "Firm Price" in subscription agreements
This definition connects "Firm Price" to recurring payments.
"Firm Price" means the fixed subscription rate agreed upon for the services or products provided under this agreement, remaining unchanged during the subscription term.
Definition of "Firm Price" in renewable energy projects
This definition links "Firm Price" to green energy initiatives.
"Firm Price" refers to the fixed cost agreed upon for renewable energy products or services, unaffected by changes in market or production conditions.
Definition of "Firm Price" in aviation contracts
This definition ties "Firm Price" to aircraft procurement.
"Firm Price" means the fixed amount agreed upon for the purchase or lease of aircraft, including associated equipment, which shall remain unchanged during the contract term.
Definition of "Firm Price" in software development agreements
This definition connects "Firm Price" to IT projects.
"Firm Price" includes the fixed cost for software development services, covering the entire scope of the project as defined in the agreement.
Definition of "Firm Price" in food supply contracts
This definition links "Firm Price" to agricultural products.
"Firm Price" means the agreed-upon fixed cost for the supply of agricultural or food products, regardless of market or seasonal price fluctuations.
Definition of "Firm Price" in shipbuilding contracts
This definition ties "Firm Price" to vessel construction.
"Firm Price" refers to the fixed price agreed upon for the construction of a vessel, including all materials and labor, as specified in the contract.
Definition of "Firm Price" in corporate training agreements
This definition connects "Firm Price" to service packages.
"Firm Price" means the fixed fee agreed upon for providing corporate training services, which shall not change based on attendance or resource use.
Definition of "Firm Price" in manufacturing contracts
This definition links "Firm Price" to production agreements.
"Firm Price" refers to the fixed cost for manufacturing goods as specified in the contract, unaffected by changes in raw material or labor costs.
Definition of "Firm Price" in hotel service agreements
This definition ties "Firm Price" to hospitality contracts.
"Firm Price" means the agreed-upon fixed rate for hotel services, including room rates and packages, which shall not change during the term of the agreement.
Definition of "Firm Price" in entertainment contracts
This definition connects "Firm Price" to performance fees.
"Firm Price" refers to the fixed amount agreed upon for entertainment or performance services, which shall remain unchanged regardless of changes in venue or production costs.
Definition of "Firm Price" in consulting agreements
This definition ties "Firm Price" to professional fees.
"Firm Price" means the agreed-upon fixed fee for consulting services under this agreement, which shall not vary due to changes in time, resources, or external factors.
Definition of "Firm Price" in telecommunications agreements
This definition connects "Firm Price" to service packages.
"Firm Price" refers to the fixed rate for telecommunications services or packages, as specified in this agreement, unaffected by changes in market conditions or usage.
Definition of "Firm Price" in pharmaceutical supply agreements
This definition links "Firm Price" to medical product procurement.
"Firm Price" means the fixed cost for the supply of pharmaceutical products under this agreement, unaffected by changes in manufacturing or distribution costs.
Definition of "Firm Price" in e-commerce agreements
This definition ties "Firm Price" to online product listings.
"Firm Price" refers to the fixed amount listed for goods or services on an e-commerce platform, which shall not be subject to negotiation or adjustment.
Definition of "Firm Price" in defense procurement contracts
This definition connects "Firm Price" to military contracts.
"Firm Price" includes the fixed amount agreed upon for the procurement of defense-related goods or services, as specified in the government contract.
Definition of "Firm Price" in educational service agreements
This definition links "Firm Price" to tuition or course fees.
"Firm Price" means the fixed tuition or service fee agreed upon for educational programs, which shall not change during the academic term.
Definition of "Firm Price" in facility management agreements
This definition ties "Firm Price" to operational services.
"Firm Price" refers to the fixed amount charged for facility management or maintenance services under this agreement, remaining unchanged for the term specified.
Definition of "Firm Price" in oil and gas supply contracts
This definition connects "Firm Price" to energy markets.
"Firm Price" means the fixed cost agreed upon for the supply of oil, gas, or related products, regardless of fluctuations in global energy prices.
Definition of "Firm Price" in intellectual property agreements
This definition links "Firm Price" to licensing fees.
"Firm Price" includes the fixed fee agreed upon for the licensing or transfer of intellectual property rights, as specified in the agreement.
Definition of "Firm Price" in travel agency agreements
This definition ties "Firm Price" to travel services.
"Firm Price" refers to the fixed rate for travel packages or services, including airfare, accommodations, and tours, as outlined in this agreement.
Definition of "Firm Price" in agricultural supply agreements
This definition connects "Firm Price" to farming contracts.
"Firm Price" means the fixed price agreed upon for the sale or supply of agricultural products, unaffected by changes in weather, harvest yield, or market demand.
Definition of "Firm Price" in shipping contracts
This definition links "Firm Price" to freight costs.
"Firm Price" refers to the agreed-upon fixed rate for shipping or freight services, which shall not vary based on changes in fuel prices or other transportation costs.
Definition of "Firm Price" in financial advisory contracts
This definition ties "Firm Price" to consulting fees.
"Firm Price" means the fixed fee agreed upon for financial advisory or planning services, remaining constant regardless of market fluctuations or additional client needs.
Definition of "Firm Price" in data licensing agreements
This definition connects "Firm Price" to data subscriptions.
"Firm Price" includes the fixed cost agreed upon for the licensing or subscription to data sets, remaining unchanged for the term of the agreement.
Definition of "Firm Price" in waste management contracts
This definition links "Firm Price" to environmental services.
"Firm Price" refers to the fixed cost for waste collection, disposal, or recycling services, as specified in this agreement.
Definition of "Firm Price" in mining agreements
This definition ties "Firm Price" to mineral procurement.
"Firm Price" means the fixed cost for the supply of mined materials or minerals, unaffected by fluctuations in market prices or extraction costs.
Definition of "Firm Price" in hotel management agreements
This definition connects "Firm Price" to service contracts.
"Firm Price" includes the fixed fee for managing hotel operations, covering specified services and remaining constant throughout the agreement term.
Definition of "Firm Price" in legal retainer agreements
This definition links "Firm Price" to attorney fees.
"Firm Price" refers to the agreed-upon fixed retainer fee for legal services, which shall not vary based on case duration or complexity.
Definition of "Firm Price" in cross-border agreements
This definition ties "Firm Price" to international contracts.
"Firm Price" means the fixed amount agreed upon for goods or services in a cross-border transaction, unaffected by exchange rate fluctuations or regulatory changes.
Definition of "Firm Price" in public infrastructure projects
This definition connects "Firm Price" to government construction.
"Firm Price" refers to the fixed cost agreed upon for the construction, maintenance, or repair of public infrastructure, remaining unchanged for the project duration.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.