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Define contracts and the importance of contracts

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Reference no: EM133122142

One type of negotiation dealing is with contracts. While some verbal contracts can be upheld in the court of law, it is imperative to have a written contract, as well. Having a written contract details the specifics of the "deal" and is basically a verbal contract on paper. Contracts should be written as if it were a recipe. Leaving out key items could create a loophole, in the contract, which could later cause some issues.

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Define contracts and the importance of contracts

Specific circumstances

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Importance of addressing other's needs

Be clear when identifying the needs of both parties

Preconditions

Explain any prerequisites that are imperative prior to moving forward with the development of the contract.

Contract

Discuss the details of the contract, in full.

Reference no: EM133122142

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