Discuss the Pitfalls of Outsourcing, Especially as Experienced by Boeing

question 29

Essay

Discuss the pitfalls of outsourcing, especially as experienced by Boeing.

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Definitions:

Parol Evidence Rule

A legal principle in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous negotiations to alter or contradict the terms of a written agreement.

Condition Precedent

refers to a condition or event that must occur before a contract becomes effective or before a party is obligated to perform their contractual duties.

Parol Evidence Rule

A principle in contract law that prevents parties from presenting extrinsic evidence that would contradict, modify, or vary the terms of a written contract.

Oral Modifications

Oral modifications refer to changes made to the terms of an agreement through spoken communication between parties, as opposed to written amendments.