Explain the importance of a good contract in business.

Write in a paragraph or two! I'll give brainliest to the 1st person with a good answer!

Answers

Answer 1

Answer:

A good contract is extremely important in business.

Contracts provide a written document that outlines the full understanding of the business relationship and scope of the work so that no one can claim any misunderstandings later down the road. They specify exactly what rights are being purchased and what rights you're retaining. They're binding and legally enforceable. In addition,They protect both you and the client. They also minimize risk. Furthermore, It’s a mark of professionalism and should actually inspire confidence, knowing that you take your business seriously.

Hope this helps :)


Related Questions

What are the four items you identified that would be included in an Incident Action Plan? What is the first action you would take?

Answers

Answer:

Here are some resources.

Explanation:

has the DMCA bill been approved?​

Answers

Answer:

Explanation:

Yes

Answer:

yes

Explanation:

The financial agency that sets monetary policy is__________, The financial agency that insures bank deposits is_________.

Answers

Answer:

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system

Explanation:

Other Questions
In the Bronsted-Lowry model of acids and bases, an _____ is a hydrogen donor and a _____ is a hydrogen acceptor. A student had 500 milliliters of water in a water bottle. She drank 25% of the water before soccer practice. After practice, she drank the remaining water. How much water, to the nearest ten 3 1milliliters does the student have left in the bottle? I needdd helpp :))))) Which ratio is equal to 27:817 OA 1:9 OB. 2:9 Oc. 3:9 OD. 3:27 O E 9:12 It takes a crane 59s to lift a flagstone using 342 W of power. How much work is done on the flagstone? What did Shankar learn about his new posting as a station master? a) He was going to work in an adventurous place.b) He was the only official operating at the railway station in a lonely place.c) He was not going to get paid enough as a station master. Even if you dont think it is an independent variable, _____ is usually always plotted on the x axis.Help? add me on the gram deirdre_wasjazzy This graph supports the conclusion that the United States is reliant on the growth of-A)City CentersBAirline Travel)Commuter RailwaysDRoad Construction Sara went to breakfast with her family. What is the total cost is the sales tax is 6%? Which of the following is NOT one of the main functions of the digestive system?eliminationcontractiondigestionabsorption Ted sells cleaning supplies. He earns a monthly salary of $850.00, plus commission. He earns 5% commission on the first $10,000 in sales, and 7% commission on any sales over $10,000. If he sold $14,000 worth of supplies this month, how much will his pay be this month? The Anschluss was Nazi Germany's annexation of Austria.O TrueO False There are 16 circles and 12 squares. What is the simplest ratio of squares to circle Help me ASAP pls with this Neo Malthusians believe that in addition to outstripping food supply, world population growth is also overtaxing other resources like fuel and energy in addition to outstripping food supply, world population growth is also overtaxing other resources like fuel and energy governments should discourage population growth because industrial growth is slowing in MDCs governments should discourage population growth because industrial growth is slowing in MDCs population growth in LDCs will end as the population in those countries become more educated population growth in A. LDCs will end as the population in those countries become more educated B. MDCs will experience a population crash due to their aging populations C. MDCs will experience a population crash due to their aging populations When 26400j of energy is supplied to a 2.0kg bloom of aluminum it temperature rise from 20oc to 35oc.The block is well so there is no energy lost to sorround determine the specific heat capacity of aluminum Differences between pulmonary circulation and systematic circulation gyiftuerdtgyuhijovhfghdfgchbnm, Please help fast, thanks.