Equitable Adjustment Theory

Definition of Equitable Adjustment Theory

In settlement of federal contract disputes, contracting officer should make fair adjustment within a reasonable time before contractor is required to settle with his subcontractors, suppliers and other creditors. Roberts v. U. S., 174 Ct.Cl. 940, 357 F.2d 938.

That's the definition of Equitable Adjustment Theory in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.