Contract Set Aside Meaning
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How to fill out Motion To Set Aside Entry Of Default And Default Judgment?
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FAQ
Set-asides are a method to reserve a total acquisition or a portion of an acquisition exclusively for small businesses. Qualifying small business concerns include one or more of the following categories: Small Business Set-Asides (FAR Subpart 19.5)
If one party has a greater bargaining power or power base and use that greater power to pressure the other party into entering the contract, it may be set aside due to undue influence. Usually, undue influence can be established if the weaker party was being over borne by the conduct of the stronger party.
Some of these common law grounds include duress, undue influence, misrepresentation, mistake, and non est factum. The onus is on the person alleging that a contract is invalid to prove his or her case. Duress means coercion of the will or giving no realistic alternative but to submit to the pressure being exerted.
: to deprive of legal effect or force : annul, void. may set aside the contract.
(a) (1) The purpose of small business set-asides is to award certain acquisitions exclusively to small business concerns. A "set-aside for small business" is the limiting of an acquisition exclusively for participation by small business concerns.