Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
fixed price
A price that is agreed upon by a wholesaler and a retailer for the later sale or resale of an item. ( Agreements to fix prices are generally prohibited by state and federal statutes.
fixed price contract
A contract in which the buyer agrees to pay the seller a definite and predetermined price regardless of in creases in the seller's cost or the buyer's ability to acquire the same goods in the mar ket at a lower price.