Contract is a legal document where two or more parties jointly agree that there will be a trade of goods and/or services through a unilateral or a bilateral exchange. An effective contract will be made up of six major elements that specify how goods and/or services will be exchanged, how the exchange will be compensated, and establish a timeframe for the exchange. It is suggested that a contract include details as to how any breach will be dealt with and include a clause that will detail how the contract can be terminated. An enforceable contract is made up of six elements and will also detail how and when a contract will be fulfilled or voided. A contract is made up of six essential elements that include offer, acceptance, objection, mutuality of obligation, consideration, and competency. The first thing that must be accomplished in creating a contract is to define the offer; an offer will determine the contract's purpose and what goods and/or services are to be exchanged. The offer is defined as "an expression of willingness to contract on certain terms, made with the intention that [the terms] shall become binding as...
Once the terms in the offer are satisfactory to all parties, acceptance can occur. Acceptance, also known as genuine assent, depends on all parties agreeing to identical terms. The terms that are defined by the contract are non-transferable and unless there is a provision in the contract, they cannot be subcontracted to a third party. One of the most important elements of a contract is legality. If any of the terms that are set out in the contract are illegal in any way, then the entire contract loses validity and enforceability.
Because promises are usually kept, it is usually reasonable to rely on a promise, and promises are usually relied upon. (p. 1) Despite its centrality to the human condition, the social practice of promising remains primitive and incomplete in comparison to other disciplines such as mathematics and linguistics (Mather, 1999). When it comes to the promises contained in contracts of any type, there are some general guidelines but these do
(Chizek, 2003) The Role legal nurse consultant may provide service in a number of roles, including but not limited to: Consulting expert Testifying expert Facility-based investigator Trainer and in-service presenter Peer reviewer Quality improvement, risk management, claims management Liability insurance marketer and clinical resource" (Chizek, 2003) As standards of care constantly change, medical and nursing staff must keep informed of current standard to develop and/or modify policies and procedures, which must be maintained and secured indefinitely. In the
Contracts and Performance-Based Acquisition A contract is a planned and legal agreement made between two or more parties with intent. It could be oral or written and may involve business individuals, employers and employees, or tenants and land lords. Relations built through contracts emerge from offers given, reception, intentions, considerations and genuine consent, and legal agreement from which the contract began. Every person involved in a contract gains responsibilities and
The NPC, importantly, controls both legislative and judicial functions -- true to the consolidation of power in communism. When discussing the Chinese judiciary, one must understand there are no juries, only judges; and hearsay is admissible as evidence, unlike the civil tradition. However, in keeping with civil tradition, evidence obtained from documents carries more weight than oral testimony. The judge in a Chinese court is not interested in defending
Legal and Acquisition and Supply Chain Management (SCM) Issues Supply chain management is a field that continues to advance as technological advancements and globalization continue affecting the business environment. Changes in supply chain management are also attributable to the emergence of new global alliances that enable businesses to connect on various aspects of the supply chain (Association for Supply Chain Management, 2018). As supply chain management evolves, business owners, leaders, and
Contract law exists to ensure that agreements between two or more parties are honored by every party. In this regard, contract law is based on the principle that agreements between two parties are legally enforceable since every part needs to honor his/her part of the deal. Despite the constant changes in contract laws because of the uniqueness of contractual situations, there are some basic elements that must exist for a
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