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Essay Details:
Essay text:
Both parties know what they want and will want to address their needs to the other company. Along with the needs of the two parties, risks should be identified and brought to light to find better resolutions to avoid unnecessary risks. When both parties identify the needs and risks a contract can begin to take form. Five key areas should be addressed when forming a contract:
1. Performance
2. Change Control
3. Communications and Reporting
4. Project Structure
5. Dispute Resolution
Covering all of those areas will create a more reliable contract and improve the working relationship between the two companies...
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