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Tom Reilly,author of Value-Added Selling,says,"Value-Added Salespeople Sell Three Things: the Product,the

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Tom Reilly,author of Value-Added Selling,says,"Value-added salespeople sell three things: the product,the company,and themselves."


Definitions:

Quantum Meruit

A legal principle where a person is paid for the value of the services provided, even in the absence of a contract, based on the reasonable value of services rendered.

Breaching Party

The entity or individual who fails to comply with the terms of a contract, thereby causing a breach.

Creditor

An individual, corporation, or other entity that is owed money by another entity, known as the debtor.

Legislation

Laws enacted by a government or legislative body to regulate, authorize, sanction, grant, declare or restrict.

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