Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Background
According to Burns of Praxis Legal Solutions (2014), if you run a business, your business depends on all kinds of relationships: With customers or clients; with employees; with vendors of goods and services; with lenders and landlords, just to name a few. Each party to a business relationship brings to it a set of expectations with respect to what he or she will give and get. A contract is a useful tool for describing and defining the expectations of each party to a business relationship. Why is this important?
Establishing a measure of certainty
Think of a business relationship as a house. A contract is the blueprint for building that house; a reference for its operation and maintenance. A contract captures the rights and obligations of each party; the terms and conditions of their respective performance; and what each party will gain from the relationship. A contract articulates remedies in the event that one or the other party fails to perform as expected/required. By clearly defining the terms and conditions of a business relationship and the consequences of a failure to perform in accordance with those terms and conditions, a contract provides a measure of certainty, and can quantify the upside and downside inherent in a business relationship.
It's all in the details
To understand how a contract works, we can look at a lease, which is one kind of contract. If I want to lease office or warehouse space, I first want to quantify exactly how much space I want to pay for, and how much I will pay. I want to be specific about the term of the lease, and what I may or may not do to the leased space in terms of renovations or alterations. I want to know whether and when the landlord can raise the rent. Are utilities included? Who pays the taxes? Is the building insured? Will that insurance cover my space? What happens if I don't pay the rent? Or if the roof leaks and the landlord delays or fails to repair it and my property is damaged?
Which of the following are types of intelligent techniques? Knowledge management systems. Expert systems. Computer-aided design Sensitivity analysis.
Acme Veggies conducted surveys in two cities to see what attitudes are like regarding organic vegetables and prices. In city A 75 out of 150 would pay more for organics while in B the result was 80 out of 200.
An exaggerated need for approval and affection would represent which of the primary modes of relating to others?
American society experienced deepening social and cultural differences that have created a polarized political landscape since the early 1990s.
"Recruitment and Selection" Please respond to the following: A hospital in your community is looking for a CLO to head the HR department to create a learning organization as the hospital moves to be a teaching facility. Analyze the methods utilized f..
You are tasked with developing a proposal to cover expenses associated with implementation of a service-based continuing education training department
write a 700- to-1050-word persuasive paper discussing how one eastern philosopher and one western philosopher make the
Descartes' view is substance dualism. He believes that the human being is a composite of two separate substances, a mind and a body. The problem is: how do these separate substances relate to each other?
What is discretion as it applies to the criminal justice system? Where in the criminal justice system is discretion used? What factors are considered when making a discretionary decision? Make a list
What is your 1st reaction to James Eastons' Opening Statement re: Who is responsible for the 9/11 attacks?What is the premise of the video? Lastly, Do you feel Easton provided enough evidence to prove his theory
List the differences between the views of Karl Marx and Max Veber on what led to the rationalization of society.
q1. explain whether or not you think siddhartha gautamas quest to find enlightenment falls under category of noble
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd