Service Contract
Definition: Contract for maintaining and repairing a product beyond its original warranty coverage.
McNamara-O'Hara Service Contract Act of 1965
A federal act requiring federal contractors to pay those employees working on a federal contract at
least as much as the wage and benefit levels prevailing locally.
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Service Contract
A type of contract that covers certain vehicle repairs after the manufacturer's or dealer's warranty expires. Extended warranties are sold by vehicle manufacturers, dealers, and independent companies.
Service contract
Directors and officers are usually given 'service contracts'. These are formed differently from a 'contract of service' which is a more formal description of an employment contract.
Service contract - Refers to a contract offered by a firm for the maintenance and/or repair of a particular a product after its manufacturer's warranty expires.
The service contract states or implies that substantially all the services are to be performed personally by them.
Personal Service Contracting
Monthly Reports
Competitive Procurement
Client Service Contracting
Training
Interagency Contracts Coordinating Team
Additional Contracting Resources
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The direct-service contract/network HMO model is the most basic model. Under it an HMO contracts directly with individual providers to provide service to the HMO's patients, on either a capitated or discounted fee-for-service basis.
service contract A contract offered by a retailer in exchange for maintaining and repairing a product beyond its manufacturer's warranty coverage. service fee A part of a mutual fund's 12b-1 fee, not to exceed 0.
a cell phone with a service contract), intangibles (e.g., a software user license), order routing (e.g., an online retailer may route an order to the manufacturer for direct shipment), achievement of milestones (e.g.
On new cars, extended warranties are less common, since many cars now come with lengthy service contracts.
a corporation : (1) that derives more than 60% of its gross income, after certain adjustments, from investment sources such as dividends, interests, rents, royalties, and so on, and from certain personal service contracts; ...
EXTENDED WARRANTY - Also known as service contract. A contract that covers certain car repairs or probl...
EXTENDER CLAUSE - 1. A condition, once found in most listing forms, providing that the listing would co...
Includes income derived from such sources as dividends, interest, royalties, rents, amounts received from personal service contracts, and income received as a beneficiary of an estate or trust.
It replaces the traditional customer-supplier model with a collaborative approach to achieving a shared objective; this may be to build a hospital, improve an existing service contract or launch an entirely new programme of work.
The moral hazard problem is often encountered in areas that, at first glance, do not seem associated with traditional insurance. Products covered under optional warranties tend to get abused, as do autos that are leased with service contracts.
MIGA provides coverage for equity interests, other forms of direct investment, industrial cooperation such as management and service contracts, licensing and franchising agreements, turnkey contracts, ...
 See also: Expense, Job, Banks, Warranty, Finance company
  
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