A contract is a written agreement between two parties that sets out the terms of the agreement. In businesses, they often list the work to be done, along with important information such as deadlines and costs.
There was a time when shopping was easy. Two people agree to make a deal and both keep their word. But in the 21st century, , professionals are acutely aware of chronic non-compliance and the litigation surrounding it. In business, contracts are important because they set the expectations of both parties, protect them when those expectations are not met, and set the price to be paid for services.
Having a written contract ensures that everyone knows what to do and when, and makes it easier to resolve any conflicts that may arise.
