According to a dictionary, the word “contract” is a legal document that states and explains a formal agreement between two different people or groups, or the agreement itself. Each prospective party, who is going to make a contract, has an expectation toward another party, and negotiates with each other on monetary and environmental conditions, and finally, if it is acceptable, reaches a formal agreement. A contract is a product of these rigorous processes[120].
Types of Contracts and Its Characteristics
Springer Tracts on Transportation, Traffic
2013-01-01
8 pages
Article/Chapter (Book)
Electronic Resource
English
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