This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Puerto Rico Agreement to Purchase Goods or Personal Property over a Long Term or Ongoing Basis with Confidentially Provisions and Patent Rights
State:
Multi-State
Control #:
US-02321BG
Format:
Word;
PDF;
Rich Text
Instant download
Description
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How to fill out Agreement To Purchase Goods Or Personal Property Over A Long Term Or Ongoing Basis With Confidentially Provisions And Patent Rights?
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FAQ
FAR clauses included in Government contracts that prime contractors are required to flow down to their subcontractors in their subcontracts. Agency supplemental regulations also include clauses with flow down requirements. Flow Down Clauses can significantly impact the obligations and risk of performing a subcontract.
Commercial product means: A nondevelopmental item, if the procuring agency determines the product was developed exclusively at private expense and sold in substantial quantities, on a competitive basis, to multiple State and local governments or to multiple foreign governments.
Acquisition means the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies or services are already in existence or must be created, developed, demonstrated, and evaluated.
Mint. What purchases are subject to the FAR? FAR applies to acquisitions of supplies (or goods) and services with appropriated funds by most (although not all) executive branch agencies.
As noted previously (see "What Agencies Are Subject to the FAR?"), executive branch agencies are generally subject to the FAR when making certain purchases. Namely, the FAR applies to "acquisitions" of "supplies" (or goods) and "services" with appropriated funds by most (although not all) executive branch agencies.
The FAR applies to acquisitions, and acquisitions are conducted by the federal government. Therefore, the FAR only applies to federal employees conducting acquisitions, not to federal contractors. This may sound like too simple of an an- swer, and a few nagging questions may still remain.
The Federal Acquisition Regulation (FAR) is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds. The FAR also contains standard solicitation provisions and contract clauses and the various agency FAR supplements.
Note in FAR 52.301 that a clause must be in both the contract and the solicitation but provisions are only in solicitations.
The simplified acquisition threshold is set by the Federal Acquisition Regulation at 48 CFR Subpart 2.1 (Definitions) and in accordance with 41 U.S.C. 1908. As of the publication of this part, the simplified acquisition threshold is $150,000, but this threshold is periodically adjusted for inflation.
FAR 44.101 means the total contractor organization or a separate entity of it, such as an affiliate, division, or plant, that performs its own purchasing.