An architect was hired for a period of one year to be available for any issues that arise as an office building is being built. The amount of the service is undefined, but the contract length is set. Even if no services are needed, the seller will be paid the minimum amount stated in the contract. This is an example of which type of contract?

Answer rating: 100% (QA)

The type of contract described is a retainer contract or fixedterm contract In a retainer contrac... View the full answer