A contract -is a legal agreement that occurs between two or more parties. It can be a written or spoken agreement that can concern employment‚ sales‚ or tenancy. Parties or members involved‚ enter voluntarily into this agreement. Every contracts involve two persons they are the: Offeror and Offeree. The offeror is the one who offers to enter into a contract and the Offeree is the one to whom the contract is being offered Elements of a contract: Agreement‚ Lawful object‚ consideration and contractual
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LAW OF CONTRACT NOTES INTRODUCTION. A contract is an agreement between two parties which is enforceable by law.An agreement is made when a person signifies his willingness to do or to abstain from doing anything with a view of obtaining the assent of the other party. Such act or abstinence is said to make a proposal.The person making the proposal is called the offeror and the person accepting the proposal is called the offeree TYPES OF CONTRACTS: Contracts may be classified into: -Written
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1. Describe and discuss the five stages of the negotiation process. The negotiation process progresses through the stages of preparation‚ relationship building‚ exchange of task-related information‚ persuasion‚ and concessions and agreement. First‚ in preparation for negotiations the managers must conduct significant research about the item(s) to be negotiated. They must understand the individual(s) they will enter into the discussions and develop an in depth understanding of the cultural differences
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conflicts‚ you need to negotiate. Negotiation‚ to some extent‚ is a psychological game. So if we have the knowledge of it‚ we can make a good deal. This paper talked about the significance of studying psychological of negotiation‚ people’s different needs‚ motives‚ and temperaments in negotiation which could help negotiators to make successful negotiations with knowing them. Also‚ how to deal with the emotion problems people may have during negotiations. Negotiation is an indispensable part of our
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Integrative Negotiation Andrea Stevenson Grantham University BA303: Business Negotiations Marcus Ellison Carnevale presents eight completely different ways for achieving integrative agreements within the Circumplex‚ which I tend to discuss in the following. Solutions move from easier‚ distributive agreements to additional advanced and comprehensive‚ integrative ones‚ and there are many methods to finding joint gain. I will be illustrated all the methods by example of Alex and John‚ the
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Relationships 2. Conduct Negotiations S 1 Last week Last week S We have learned abut How to Build Relationships. S This week we are going to talk about Conducting Negotiations 2 Learning outcomes Learning outcomes S At the end of this lesson you will be able to; S Conduct business negotiations S Maximize benefits for all parties by negotiations‚ using negotiations techniques in the context of establishing long term relationships negotiation where appropriate S Incorporate
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A valid contract consists of all essential components which present and the court will enforce as a legally binding promise . One of the elements contract to create a contract is agreement which included an offer and acceptance. “Acceptance is a final and unqualified assent to the terms of the offer‚ made in the manner specified or indicated by the offeror” . Acceptance may be express orally‚ in writing‚ occasionally‚ or even by implied from the offeree’s conduct. In communication of acceptance‚
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‘The Vikings Were More than Just Raiders!’ Anika Aziz‚ 2013 Throughout history‚ the Vikings have been depicted as the savage and somewhat barbaric pirates from Scandinavia. Conducting frequent‚ vicious raids upon countries across Europe‚ their reputation has always been‚ more or less‚ ruthless. Though this may be partially true‚ historical evidence also suggests the Vikings as being more than what we generally presume… —What were their motives? —Wealth and power‚ or simply the search
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2 Kings 7 - God’s Miraculous Provision for Samaria A. God’s promise and what the lepers discovered. 1. (1-2) God’s promise and the doubt of the king’s officer. Then Elisha said‚ “Hear the word of the Lord. Thus says the Lord: ‘Tomorrow about this time a seah of fine flour shall be sold for a shekel‚ and two seahs of barley for a shekel‚ at the gate of Samaria.’“ So an officer on whose hand the king leaned answered the man of God and said‚ “Look‚ if the Lord would make windows in heaven‚
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elements required for formation of valid contract The contract law is a situation where law is related to business transactions. In the situations good are purchased‚ sold‚ as well as moved through the contract. The employees are hired‚ land are developed‚ sold‚ bought leased or financed under the contract. Most of the businesses are based under contracts. Generally‚ the contracts represent foundation of the most of the commercial activities and therefore contract law stands for one of the crucial areas
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