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A basic agreement is a written instrument of understanding, negotiated between an agency or contracting activity and a contractor, which contains contract clauses that applies to future contracts between the parties during its term. The basic agreement contemplates separate future contracts that will incorporate by reference or attachment the required and applicable clauses agreed upon in the basic agreement. Each contract incorporating a basic agreement shall include a scope of work and price, delivery, and other appropriate terms that apply to the particular contract. However, a basic agreement is not a contract.