What Options Are Available to Management When Contract Negotiations Break

question 107

Essay

What options are available to management when contract negotiations break down?

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Definitions:

Void

Describes a contract or legal agreement that has no legal force or effect, often because it lacks a necessary element or violates the law.

Illegality

The quality or state of being contrary to law; actions or conditions that are against the law.

Statute Of Frauds

A legal principle requiring certain types of contracts to be written and signed in order to be enforceable.

Bound By Contracts

A phrase indicating that parties are legally obligated to adhere to the terms outlined in a contract they have entered into.