Contracts are important!
Contracts are a tool that can help organizations to interact more effectively. Because contracts are a compilation of agreements that the parties have agreed upon, they are very successful at keeping future conflict and disputes at bay.
When businesses enter into a new relationship, they want to reach a win-win situation, and a contract reflects that.
In any successful contract process, there will have been opportunities for parties to speak about, edit, and propose terms in the past, so there’s nothing left to argue about (particularly given that the procedure had been genuinely collaborative).
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