Слайд 2: Contract: what it is?
An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement. Contracts are widely used in commercial law, and form the legal foundation for transactions across the world. Common examples include contracts for the sale of services and goods (both wholesale and retail), construction contracts, contracts of carriage, software licenses, employment contracts, insurance policies, sale or lease of land, and various other uses. A contract may be used for various transactions, including the sale of land or goods, or the provision of services. They may be either oral or written, though courts prefer that agreements be put in writing.
Слайд 3: Advantages of a contract
Provides proof of what was agreed between you and the other party Helps to prevent future misunderstandings or disputes by making the agreement clear from the beginning Gives you security and peace of mind by having the terms of the agreement down on paper which the terms do not change Reduce the risk of a dispute regarding payments, responsibilities, and timeframes that the service to be performed under the contract Sets how disputes will be resolved Specifies how either party can end the contract before the work is completed
Слайд 4: Deal: What it is?
A deal structure is a term used to describe the terms of the agreement between a buyer and seller that apply in a given business deal. The term is commonly associated with investment activities and refers to the rights and responsibilities that both the investor and the issuer of those securities undertake as part of their ongoing business relationship.
Слайд 5: Advantages of a deal
A business deal may offer any of the following advantages: It enables organizations to share or pool their resources, which may mean more efficient utilization of the resources. It helps an organization to plug any loopholes that may exist in their business operations. Organizations are able to place more focus on their core competencies without worrying about other, non-core jobs. When a company wants to expand its business by entering another territory, deals with other business organizations that are native to the area and know its economy well can help the company get started in doing business there.
Последний слайд презентации: Contract vs deal: Disadvantages of a deal
Текст Disadvantages of a deal A deal can “go bad” when one of the parties fails to honor the terms of the deal. This can create tensions and lead to loss of capital and resources for both parties. If issues remain unresolved, the end result could be a lawsuit, further eroding capital and resources, and potentially damaging the reputation or public perception of one or both parties. The commitment to a deal with another company may eventually require more time and resources than one of the parties envisioned. Holding up their end of the deal may, thus, lead to the company operating less effectively or efficiently in their core business operations. That, in turn, may lead to missed opportunities or lost revenue.