Contract: Difference between revisions

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=General=
A contract is an agreement for performance based on consideration on a given timeline between specified parties. Requirements are:


#Identity of the parties
#Definition of consideration (value for each party)
#Terms - detailing duties and responibilities of each party
#Timeline
#Contingencies
#Signature and date
See [[7 Essential Elemnents of a Contract]]
==In Practice==
#In practice, unknowns and contingencies are the elements in a contract which can cause trouble
#Thus, it's critical to define If-then scenarios that consider who has what responsibilities if things do not go according to plan (they never do)
#Who is responsible for what?
#In unexpected conditions, what happens?
#In cases that are not covered by the contract, what happens? Binding arbitration by a chosen neutral third party.
#For cases of nonperformance, what happens?
#How is non-performance evaluated, if it is not clear that something constitutes non-performance?
#How do you keep lawyers out and meeting-of-the-minds in?
=Overview=
A contract that defines commitments between a community and its members.
==Details==
*[[Enterprise Community Contract]]
*[[The Contract]]
*[[Factor e Farm Social Contract]]
*[[Factor e Farm Social Contract v1.0]]
==See Also==
*[[Distributive Enterprise]]
*[[Ecotechnology Buying Club]]
*[[Open Business Models]]
*[http://en.wikipedia.org/wiki/Social_contract Wikipedia: Social Contract]
*[http://p2pfoundation.net/Neosubsistence Neosubsistence]
[[Category: Guiding philosophies]]

Latest revision as of 20:57, 23 July 2022

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