Contracts are the tools used to describe and define the expectations of each party involved in a business relationship. Like a blueprint for building a house, a contract details the rights and obligations of each party in constructing their business relationship, including: The terms and conditions each business partner or person involved is expected to abide […]
4 Main Types of Contract Breaches
A contract is a legal and binding promise between two or more parties. If any party involved in a contractual agreement fails to fulfill his obligations or complete his part of the agreement on time or as defined in the agreement, it’s known as a breach of contract. If there is no justifiable or lawful […]