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Essay / Research Paper Abstract
This 5 page paper examines the contract in general. How contracts are used in business, and the importance of them, is discussed.
Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA624ct.rtf
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Unformatted sample text from the term paper:
by a variety of bodies. 3. E-Signing is a new way to enter contractual agreeemtns. II. What is the role of the contract? 1. A personal or business relationship
usually follows rules. a. Example of family rules. 2. Business contracts a. short term deals. b. long term deals. 3. Methods of contract creation a. Attorneys b. Standard forms
III. Negotiating the contract 1. Give up something and compromise 2. Reference to the book Getting to Yes a. Do not have to give up anything in the negotiating
process. b. Both sides should attempt a positive outcome. IV. Nuts and Bolts of the Contract 1. A contract is a private body of laws. 2. Ambiguity is problematic.
3. Oral contracts are sometimes enforceable, such as in lottery commitments. V. Conclusion 1. A written contract is better than an oral agreement. 2. Contracts provide peace of
mind for those engaged in contractual relationships and also helps to provide each party in a business arrangement with a template for how business is to be conducted.
PAPER Contracts seem to govern a host of business alliances and communications and always have. In the United States for example, state law is what usually
governs contracts (White, 2000). When it comes to interstate commerce, the federal government enacts the laws that sometimes supersede state law (White, 2000). Today, with the advent of computer use,
things are even more complicated. E-signing has become revolutionary and has taken the place of the hand signature. There is something called the Electronic Signature which was made possible by
the Global and National Commerce Act (ESIGN) (White, 2000). What is this act exactly? ESIGN is what permits people to create " legally enforceable contracts over the Internet" (White, 2000,
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