Until the contract is signed, nothing is real. Contracts provide more visibility into your responsibilities and help you reach the goals you set for yourself. It is a legally binding document that must be signed by both the employer and the employee. It is the foundation of any successful business.
A Business Contract or agreement is a legal document that binds a customer and vendor of goods or services together. Anyone, from major corporations to individuals, can use business contracts in any type of commercial transaction. Business contracts should explain all aspects of the transaction, including payment, the nature of the goods or services, and each party's responsibilities. A business contract protects both the customer and the seller in the event that the other party fails to fulfill its obligations. In the event of a contract breach by one of the parties, the other party has legal recourse to resolve the problem.
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