Contracting parties should clearly establish their intent to validate open-ended contracts.
A hospital materials manager reports that when he took over the job, he found several supply contracts with no price included in the terms. He wonders if these contracts are valid. In this dialogue, Dr. Decker discusses the issues raised by "open term" contracts.
Decker
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D003284:Contract Services / Q000331:legislation & jurisprudence*; D011682:Purchasing, Hospital / Q000331:legislation & jurisprudence*; D014481:United States