James I accepts terms of a 'Great Contract' between crown and
Parliament, in which they would grant him an annual sum of £200,000
in return for the abolition of feudal tenures and wardships.
However, negotiations founder as a result of disputes about
purveyance, the Crown's right to requisition goods and services for
its own use.
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Editors. "James I accepts the terms of the Great Contract". The Literary Encyclopedia. First published 01 February 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=15679, accessed 22 June 2017.]