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.
1 For instance, if you subscribe to a monthly magazine for a 12-month term, the contract should end after that period. 2  If, however, you receive a magazine on the 13th and 14th months and take no action to return them or contact the company about the error, the contract will continue.f both parties agree without coercion, then the contract may be terminated as of the date of the partiesâ agreement. 1  Such a mutual agreement to end the contract may occur for several reasons. 2  For example, a mutual agreement might be reached if neither party wants what the other party has offered under the contract.