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.
Below are the subtitles you can use; however, please note that you can change the name of the subtitles based on your scenario.
Define contracts and the importance of contracts
Specific circumstances
What is the scenario you have created for this assignment?
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.