When Setting Up a Meeting,anyone Who Might Have Insight on the Issue

question 42

True/False

When setting up a meeting,anyone who might have insight on the issue should be invited to the meeting.

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Definitions:

Proper Consideration

The legal requirement for contracts, entailing something of value being exchanged between parties.

Consideration

Something of value promised to another when making a contract that compels them to enter into the agreement; an essential element in the formation of a legally binding contract.

Promise

A declaration or assurance that one will do something or that a particular thing will happen, often forming the basis of a contract.

Requirements Contract

A contract in which one party agrees to supply as much of a product or service as the other party needs.