Contracts 101: A Brief Field Guide for the Uninitiated

In business, the consummation of a relationship between parties is usually, if not always, in the form of a contract. And, while legally binding contracts can be implied simply based on the actions of two parties, in its formal version, a contract takes written form. This notion is almost universally well-understood, regardless of industry. Yet, why is distilling an offer, the performance between parties, and the terms of payment for goods or services into written form so frightfully scary to many? (Airport Business Magazine, April 2020)

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