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Is a commercial contract anything more than risk allocation and legality?

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Question added by Mohammed Amin Petiwala , CFO , Osool Poultry SAOC
Date Posted: 2016/02/01
Vaseem Ahamad
by Vaseem Ahamad , Associate Director Operations , Perfetti Van Melle

Commercial contract is an agreement between buyer and seller enforceable in court of low in case of dispute. therefore it protect both of the parties again breach of any of the contracted terms.

Apart from legal & commercial aspect it also take care of service level commitment.

 

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