Contract

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General

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

  1. Identity of the parties
  2. Definition of consideration (value for each party)
  3. Terms - detailing duties and responibilities of each party
  4. Timeline
  5. Contingencies
  6. Signature and date

See 7 Essential Elemnents of a Contract

Overview

A contract that defines commitments between a community and its members.

Details

See Also