This post addresses contract comprehension.
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Many times we have a contract in front of us and we merely scan it and then sign it. Discuss what makes contracts difficult to read or comprehend.
Identify and then explain the two most important elements of a contract that every manager should know about. Support your answer with an example or rationale.
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Solution Summary
The solution provides a detailed discussion explaining what makes contracts difficult to read or comprehend. The solution also explains the important elements of a contract every manager should know and provides examples.
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Discuss what makes contracts difficult to read or comprehend.
Contracts are typically written in language that is very difficult to comprehend and the language can be very intimidating, because layman's terms are not used throughout the contract, but rather are only used in certain parts of the contract. One of the other problems is that many parts of contracts are written in such small type that it makes it difficult ...
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