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Both parties have an obligation to fulfill each term of the contract and failure to meet said terms is considered a breach of contract.
SS entered into a one-year, six million dollar contract with CS to provide robust banking system software which, upon completion, will become solely owned by CS. The contract terms clearly outlined the need for a fully-functional system to be in place by the specified contracted date. The decline of the relationship between SS and CS began when a breakdown occurred in the timeframe outline for the deliverables. Other failures include a change in management, changes to system requirements, project scope and organizational changes...
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Common topics in this essay:
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