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What are some common Terms & Conditions that may be in a contract?

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Question added by Abdul Rehman Zaheer , Marketing & Projects Specialist , King Fahd University of Petroleum & Minerals
Date Posted: 2014/03/17
Mohammed Thiab
by Mohammed Thiab , Founder / Chief Consultant , MV Consulting

purchasing contract, services contract, local, national or international These all determine more or less the content of the contract and the terms being used in it ...  

  1. First Party
  2. Second Party
  3. Subject and purpose 
  4. Duration ( start and end dates)
  5. Territory/ Geography
  6. Applicability
  7. Terms and conditions
  8. Extention and renewal
  9. Cancellation 
  10. Disputes and dispute settlement
  11. Roles and Responsibilities
  12. Litigation

and more ....

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