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| When is a Contract a Contract
At what point is a contract an obligation by the parties involved? |
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LIGHT PENCIL
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| DARK PENCIL
This inquiry was serious and I should keep this client informed as to the development of my tour or if I have another inquiry for the same dates and they might want the right of first acceptance. Dark Pencil notes or inquiries can still be erased, but it is a more concrete place in the negotiation path, but is still not an obligation. This Dark Pencil area is a huge gray area and encompasses any area between an inquiry and a request for a contract. PEN & INK
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CONTINUED When a contract is executed there should never be surprises. SERVICE PROVIDERS
PURCHASERS
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SUMMARY
It is a good and proper procedure for either party to reiterate all conditions agreed upon in writing before the contract is fully executed. This can eliminate undue rewriting of the contract and making all agreed upon conditions part of the contract eliminating the need for one or both addendum.
Surprises or changes in an agreement by either party at any time need to be discussed unless undue delays in the full execution of the contract are the goal. If there are ever conditions that cannot be met by both parties then quick and timely communication is polite and necessary to eliminate all bad feelings and ill-fated rumors from hurting reputations and creating ill will. |
| Contract Renegotiations | When is a Contract a Contract | Horror Story #1 | Horror Story #2 | Horror Story #3 |