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A written contract should be a way to ensure compliance with an agreement. Businesses negotiate contracts with landlords, investors, employees and suppliers. A contract clarifies what each party expects from the other and what they intend to provide. The purpose of a...
Ideally, the parties signing a contract should do everything in their power to fulfill their written agreement. Unfortunately, sometimes contracts do not result in appropriate performance from all parties involved. A business negatively impacted by a material breach...
Contract breaches are a serious concern for modern businesses, which is one reason so many organizations insist on putting all major agreements in writing. Yet, businesses that are coping with the consequences of one party's contractual default may simply try to...