Agreements are written contracts established with specific vendors for the purchase of specified products or services within a designated period of time. These include price schedules, departmental blanket open orders, and fixed-price agreements. More detailed information regarding agreements can be found on the Contracting Services website.
There are several reasons the legality of a contract may be in question. The first is if the contract violates a statute. Contracts that are contrary to statute are considered void.Usury contracts contrary to statute are formed when a contract exists that charges interest rates above the rate that State or local laws permit.Nearly every State has distinct usury laws. In some states a usurious loan is automatically void.here are several reasons the legality of a contract may be in question. The first is if the contract violates a statute. Contracts that are contrary to statute are considered void.
Yes. Federal law, state law and even municipal law prevail over negotiated contracts. A contract that requires one party to violate the law (e.g. a contract for an assassina â¦ tion), or relies on a concept invalidated by law (e.g. a contract for the sale of a slave) is unenforceable.es. Federal law, state law and even municipal law prevail over negotiated contracts. A contract that requires one party to violate the law (e.g. a contract for an assassina â¦ tion), or relies on a concept invalidated by law (e.g. a contract for the sale of a slave) is unenforceable.