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Approved Products List
A list of products that
have been evaluated and determined to be
capable of satisfactory performance for a
specific application. The list typically contains
product or manufacturer numbers and their
corresponding suppliers. Also known as
Approved Brands List (ABL). See also:
Acceptable Products List, Approved
Brands List.
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AQL
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Arbitrary and Capricious
Actions by whim or
caprice, with irrational disregard of facts or
circumstances. One of several legal standards
of review that may be followed by an
adjudicator.
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Arbitration
1. A process by which a dispute between parties
is presented to one or more disinterested
parties (arbitrators or neutrals) for a decision.
The contending parties agree to accept this
decision without further appeal. Also known
as binding arbitration.
2. The resolution of a conflict between parties by
a party removed from the dispute.
3. A form of Alternative Dispute Resolution.
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Architect
An individual, partnership, or
corporation that performs professional
architectural services for an entity as an
independent contractor. A registered architect
is an individual that is trained in the planning,
design, and oversight of the construction of
buildings. To practice architecture means to
offer or render services in connection with the
design and construction of a building, or
group of buildings, and the space within the
site surrounding the buildings that have as
their principal purpose human occupancy or
use.
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Architecture and Engineering (A & E) Service
Professional service within the scope of the
practice of architecture and professional
engineering, as defined by the jurisdiction,
usually involving research, design,
development, construction, alteration, or
repair of real property.
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As Is
A contract term describing products offered
without guarantee or warranty. All risk is
assumed by the purchaser without recourse
to the seller.
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As To Form
Documents and agreements that are
approved by an attorney for legal sufficiency
prior to their execution while not commenting
on the business merits of their contents.
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Asset
Cash or anything the entity owns that
could be liquidated into cash (e.g., property,
equipment, debts to the entity).
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Assignment
Legal transfer of a claim, right,
interest, or property.
