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  • DraftingContracts 14.07.20

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    Vanshika Gahlot
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    A written contract is important for any business agreement as it clearly outlines the obligations and expectations of both parties, prevents disputes down the road over forgotten details or misunderstandings, and provides stronger legal protection than an oral agreement if issues do arise. Key details addressed in a written contract include scope of work, payment terms, confidentiality clauses, intellectual property ownership, and what happens if either party fails to fulfill their obligations. Overall, committing the terms of an agreement to writing protects both parties and ensures you are legally covered.

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    A written contract is important for any business agreement as it clearly outlines the obligations and expectations of both parties, prevents disputes down the road over forgotten details or misunderstandings, and provides stronger legal protection than an oral agreement if issues do arise. Key details addressed in a written contract include scope of work, payment terms, confidentiality clauses, intellectual property ownership, and what happens if either party fails to fulfill their obligations. Overall, committing the terms of an agreement to writing protects both parties and ensures you are legally covered.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views1 page

    DraftingContracts 14.07.20

    Uploaded by

    Vanshika Gahlot
    A written contract is important for any business agreement as it clearly outlines the obligations and expectations of both parties, prevents disputes down the road over forgotten details or misunderstandings, and provides stronger legal protection than an oral agreement if issues do arise. Key details addressed in a written contract include scope of work, payment terms, confidentiality clauses, intellectual property ownership, and what happens if either party fails to fulfill their obligations. Overall, committing the terms of an agreement to writing protects both parties and ensures you are legally covered.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    WHY SHOULD I DRAFT A CONTRACT?

    1. http://www.kinghuffineslaw.com/index.php/blog/small-business-corporate/180-why-

    contracts-should-be-in-writing

    2. https://www.hanover.com/articles/importance-of-written-contracts-businesses.html

    3. https://www.fosterswift.com/communications-Written-Business-Agreements.html

    4. https://www.cincybar.org/LRS/LRS-Resources/LRS-Blog-View/ArticleId/21189/Are-

    written-contracts-better-than-oral-contracts

    5. https://grddlaw.com/importance-written-contract

    6. https://pendragon.net.au/benefits-written-contract-2/

    7. https://www.curleyrothman.com/blog/why-is-it-so-important-to-have-a-written-contract-

    when-there-is-a-contract-dispute

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