To Have a Good Business Plan, ______

question 39

Multiple Choice

To have a good business plan, ______.

• A)purchase it
• B)develop it yourself, with professional assistance, and think carefully about the assumptions built into the plan
• C)write it on the back of a napkin
• D)go to your friends and family for advice

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Definitions:

Written Contract

A legally binding agreement between parties that is expressed in written form and signed by those involved.

E-Signatures

E-signatures, or electronic signatures, are a digital form of signing documents, legally recognized as equivalent to traditional handwritten signatures in many jurisdictions, enabling quicker and more efficient document processing.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing in order to be enforceable, such as contracts for the sale of land or goods over a certain value.

Breached Contract

A breached contract occurs when one party fails to perform their obligations under the terms of the agreement, leading to legal consequences and potentially damages.