A contract provides the legal backdrop to commercial relationships by defining the rights and obligations of the parties,but it is the business relationship itself that will determine whether,in a conflict,the parties will insist upon strict enforcement of their legal rights.

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While a contract outlines the legal rights and obligations of the parties involved, the nature and quality of the business relationship between them often play a crucial role in determining how conflicts are resolved, including whether parties choose to enforce their legal rights strictly or seek alternative resolutions.

A Contract Provides the Legal Backdrop to Commercial Relationships by Defining