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Is the word 'UR' here a name or an abbreviation? Thanks in advance.

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    Please don't post pictures of text. Write out the sentence you're asking about. – stangdon May 5 at 14:08
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"UR" is the "short name" of one of the parties to the contract. At the beginning of the contract there is probably verbiage similar to:

This contract is made by and between Uniform Resources, Inc. (hereinafter "UR") and A-One Consulting Corp. (hereinafter "CONSULTANT").

So it is an abbreviated name.

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