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What is the purpose of a contract?

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تم إضافة السؤال من قبل Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
تاريخ النشر: 2016/04/14
linda aoun
من قبل linda aoun , Legal Consultant , Beirut law bureau

the main purpose of a contract is to bind the parties to their obligations toward each other and assure them the reception of their rights.

Mohammad Zohaibur Rahman
من قبل Mohammad Zohaibur Rahman , Sales And Marketing Manager , Information Technology Gulf Laboratory Solutions

The main purpose of contract is to officially assigned the responsibility to a particular firm.

Pravin Marathe
من قبل Pravin Marathe , Sr. Project Controller , Gammon Infrastructure Project Ltd

Purpose of Contract is-

1) Create basis of agreement and define obligations of each party such as scope, quality, milestones, payments etc.

2)To abide parties legally.

3) Create agreed mechanism to address claims and disputes.

المزيد من الأسئلة المماثلة