Management : Legal Requirement.edited

Running head: LEGAL REQUIREMENTLegal Requirement in Contract ProcessStudents NameInstitutional Affiliation1LEGAL REQUIREMENT2Legal Requirement in Contract ProcessWorth a note, McKendrick, (2014), postulates that a contracting process involves severalsteps which are selecting a contract, collecting essential information, selecting the negotiator,reviewing of contract as well as signing the binding treaty among the parties.Importance of Knowing Basic Legal Requirement in a Contract ProcessTherefore, understanding the basic legal needs of the contract process enables the partiesto know their obligations and specific duties during and after the contractual negotiation. Forinstance, it is imperative to understand the legal requirements metrics in a contract process tominimize the chances of being sued due to lack of understanding of some requirement metric.More so, insufficient understanding of the legal requirement in a contract process could result toone party being duped by the other party, which could result in heavy losses and legal damages.Besides, understanding the legal requirement in a contract process could enhance the ability topresent a strong cas ...


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