Top 10 Essentials of a Contract
Contracts are an integral part of any agreements, business, and organizations. Unlike in the lore’s where the word of someone is perceived to be as good as inscribed on a stone, the world now better relies on actual contracts written to the minutest of terms of conditions specifying every possible turn of events in the contract to avoid unfathomable futuristic risks and disappointments and in business terms - Losses. 1. Offer and Acceptance Before a contract is to be drafted and finalized the right set of offers that will make into and reflected in the contracts needs to placed on the table for everyone to know and accepted before it makes to the contract. 2. Consent of both the parties. A contract's strength lies in adhering to it in both good times and bad times. For that to be achieved the contract is made in such a way that both the parties mutually agree to every terms and condition and stand by...