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F.O.B.
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Facilitation
An Alternative Dispute Resolution
(ADR) process that involves the use of
techniques to improve the flow of information
between the parties to a dispute. This
technique may also be applied to decisionmaking
meetings in which a specific outcome
is desired.
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Facilities
Buildings, land, equipment, or any
tangible capital asset, wherever it is located,
whether it is owned or leased.
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Fact-Finding
An alternative dispute resolution
(ADR) technique that uses an impartial expert
(or group) selected by the parties to the
dispute. The expert has the authority to
appoint a factfinder to determine the facts in
the case.
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FAI
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Fair and Reasonable Price
A price that is fair to
both contracting parties, considering the
market range for the good or service, agreedupon
conditions, promised quality, and
timeliness of contract performance.
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Fair Market Value
The price for an item upon
which the buyer and seller agree in an open
market when both are fully acquainted with
market conditions.
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Fair Trade Statute
A law in some states that
allows a manufacturer to set a minimum retail
price for its products. Such a law is a violation
of federal antitrust law if it affects interstate
commerce.
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Fair Use
In U.S. copyright law, the doctrine that
describes the circumstances in which
copyrighted material may be used for
teaching, news reporting, criticism,
scholarship, or research without payment or
permission from the copyright owner.
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False Claims Act
A law that provides for the
recovery of damages and remedies upon
furnishing to the government proof of loss
sustained through fraud in the award or
performance of government contracts.