Adjudicataire (noun):
1. A person or entity who is awarded or granted the rights, ownership, or possession of a property, asset, or contract through a legal process of adjudication or judgment.
2. In the context of auctions or public sales, an adjudicataire refers to the highest bidder who successfully acquires the item or lot being auctioned.
3. The party who is designated as the recipient of a legal decision or ruling, particularly in matters related to disputes, claims, or litigation.
Example sentence: The adjudicataire of the estate was determined by the court after a thorough evaluation of the beneficiaries’ claims and evidence.
Adjudicataire refers to a person or entity that has been awarded a contract or a bid through a legal process of adjudication. In legal terms, adjudication is the process of resolving a dispute or determining the rights and obligations of parties involved in a legal matter.
The term “adjudicataire” is commonly used in the context of public procurement or government contracts. When a government agency or organisation seeks to procure goods, services, or construction projects, they often invite bids or proposals from interested parties. These bids are then evaluated based on various criteria, such as price, quality, and compliance with the requirements set forth in the bidding documents.
After the evaluation process, the contract is awarded to the successful bidder, who becomes the adjudicataire. The adjudicataire is then legally bound to fulfil the terms and conditions of the contract, including delivering the goods or services as specified and within the agreed-upon timeframe.
In summary, an adjudicataire is a party that has been awarded a contract or bid through a legal process of adjudication, typically in the context of public procurement or government contracts. They are responsible for fulfiling the obligations outlined in the contract.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
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