文档介绍：TLIR307C NEGOTIATE A CONTRACT
Student Name___ ______English Name__ _________
StudentNumber___0804033___BHI number________________
Element petency:
1. Negotiate contract with contractor
2. Complete contract negotiations
3. Complete enterprise contract requirements
1. What is a contract?
A contract is a legally enforceable agreement between two or more parties
that creates an obligation to do or not do particular things. the term “party” can
mean an individual person, company, or corporation. Contracts can be made a
number of ways, such as: Verbal agreement ,Hand shake agreement, legally
binding contract (No money involved/Money contracts).the purpose of contract
Is to reduce risk, to specify expectation, to avoid misunderstanding, to confirm
offers and so on.
2. Have you entered into a contract? Please explain the term of the contract.
Yes, the term of the contract include In general, Duties of each party, Rights
of each party, Relevant dates, Relevant price of other dollar amounts,
Relevant quantities, Payment terms, Lump sum, COD, installments, Payment
due dates, Taxes, Interest, Late fees. For In general, Because this is the basis
of the contract. For duties and Rights of each party, it allow the contract parties
understand what they should do in the contract, and can avoid their
Misinterpretation and ultra vires. Relevant dates, it is neces