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Rules of Interpretation in procurement and contract law refer to established guidelines and principles used to decipher and understand the meaning and intent of contractual terms, especially in cases where the language or wording may be unclear or open to multiple interpretations. These rules serve as a framework for resolving disputes and ambiguities by examining the context, industry standards, and legal precedents to determine the most reasonable and equitable interpretation of contract clauses. By providing a structured approach to understanding contracts, these rules help parties involved in procurement agreements to reach a consensus and ensure contractual compliance.
