An Output or Requirement Contract Is Not Enforceable Unless the Parties

question 16

True/False

An output or requirement contract is not enforceable unless the parties include an estimate of prospective amounts.

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Definitions:

Frequently Occurring

Events or phenomena that happen often or with regularity within a determined period.

50th Percentile

A statistical measure indicating the value below which 50% of the data points in a data set fall.

Distribution

In statistics, distribution refers to the way in which values of a variable are spread or dispersed across possible values.

Median

In statistics, the median is the value separating the higher half from the lower half of a data sample, a population, or a probability distribution.