This document is intended to serve as a glossary of terminology applicable to software development and computerized systems in FDA regulated industries. It will facilitate consistency in describing the requirements of the law and regulations applicable to such products and systems. It is also a resource for investigators who conduct inspections and investigations involving software and computerized systems. The organization of this document is primarily alphabetical.
Re: Can we amend the expired contract? My opinion is that any contract has a specified life in itself. A procuring Entity can add life (by Extension) to a living contract before it is declared dead and buried(Expiry). Once a contract is dead (by way of expiry) it can not be returned back to life.
If a seller does not wish to agree, the situation presents the. opportunity to cancel. The rights of either buyer or seller to terminate a contract are dependant on the precise. wording of the contract. Since there are a number of real estate purchase and sale forms in use in. the industry, there are different provisions. Some forms give the seller the right to cancel.