Onerous Contract definition
Onerous Contract a contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it, as defined under International Accounting Standard 37;
Onerous Contract means a contrat à titre onéreux;
Onerous Contract means a contrat à titre onéreux—definition in article 1 of the Supply of Goods and Services (Jersey) Law 200945
Examples of Onerous Contract in a sentence
Following receipt of the Onerous Contract Report, the Authority shall review and comment on the report as soon as reasonably practicable and the Parties shall cooperate in good faith to agree the final form of the report, which shall be submitted to the Service Management Board, such final form report to be agreed no later than 1 month following the Authority’s receipt of the draft Onerous Contract Report.