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Contracts are one of the more popular tools used to set up business arrangements.
Contracts are often used because they guaranty that those employed to carry out a task will adhere to the employer’s requirements. Contracts also protect the employee who is only liable to carry out what has been contracted or agreed to in the written contract.
It is best to have a written contract when establishing a business deal as mere word-of-mouth agreements are not well recognized by law should a dispute arise. A contract should clearly stipulate all responsibilities and liabilities and be officially signed and witnessed to seal a business arrangement.
