A contract is a negotiated agreement between an organization and a group to exchange goods, services, information and patents.
It is a formal agreement that establishes the rules, rights and obligations between a working partnership. It exists so that the agreements are fulfilled as previously established, with legal consequences for the party that does not comply with a contractual provision.
Therefore, the contract is a guarantee to two companies that want to come together in favor of some joint negotiation, establishing in common agreement the responsibilities necessary for the organizational integration to be effective.
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