DOWNLOAD: PROJ598 Week 2 DQ1 Contract Risk.
| Contract Risk (graded) |
| Class,
In business, the contract is considered the standard document between buyers and sellers. Some people believe that contracts are unnecessary because if both sides know what is required and there is an agreement on the price, then the details should take care of themselves. I find that this is not true and even beyond the contract document; there are always risks for both the buyers and sellers.
Consider and answer the following;
Do we always need contracts?
When must be have a contract? Is an oral agreement an acceptable way to engage another company? What are some of the risks associated with a contract? What are some of the risks associated by not having a contract? |
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