Business Law 531 Learning Team Reflection Week 4

Learning Team Reflection Week 4 Esther Calice honor 531 - stemma Law Robert A. Zigmond, Facilitator University of Phoenix October 29, 2012 Contract Administration excogitation involves developing a neb for monitoring a societys performance and entry to the pick come frontwards developed between both parties. This paper leave altogether address how development of a bewilder judiciary formulate affects a companys mintiness, as well as does the company I work for subscribes to such an activity. A set ab out is a binding agreement between two parties or more (Luther, 2012). The parties border up be government and massiness entities or individuals (Luther, 2012). During mammilla negotiations, one party offers to complete specific actions in consideration for payments from the other party or parties (Luther, 2012). A reduce boldness plan helps your business manage a contract success entirey (Luther, 2012). A contract is drawn up to crap the guide lines for a business relationship (Anderson, 2012). When you abide by the name of your contract, you line the benefits that it has to offer (Anderson, 2012). But poor contract administration can cause you to violate terms of your contract, which can hold out to penalties, fines and a potential lawsuit (Anderson, 2012).

Each move contribute with a contracted entity should be dictated by mature contract management to avoid the high cost of the contract penalty clause (Anderson, 2012). As I stated in other papers, I am employed with the Upper Darby dampen District Transportation Department. The expat department uses an outside contracted organ to inspect all the school buses that provide transportation to the some students! in the community. The district requires that all buses be inspected each year to stick to their policy. The district employs their own mechanics to maintain the buses, if a bus does not pass inspection; it has to be put out of service until the repairs are made, which will then change the bus to pass inspection. The district...If you want to get a full essay, aver it on our website: OrderEssay.net

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