The Law Dictionary

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NO COST CONTRACT Definition & Legal Meaning

Definition & Citations:

Pays back ‘in kind’, but has no monetary consideration. Used mainly to avoid effort duplication, it is typically used by a government that has developed a new but classified technology and a firm that is engaged in exploiting these same technologies. On the condition that the firm discloses all future developments and refinements concerning the technology to the government, the government passes on the requested information.


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