In order for a professional services contract to provide the mutually intended benefits to all parties privy to the arrangement,what needs to be present?

Question

Quizplus · Accepted Answer

All essential terms need to be present in the professional services contract to ensure that all parties understand their obligations and what is expected of them. Without all essential terms outlined, there could be misunderstandings and disagreements, which could lead to legal disputes.

Answer: A and B (if applicable)
 Accountability for professional negligence is important to protect all parties involved in the contract. If a professional makes a mistake or provides inadequate services, they should be held accountable. Professional liability insurance can also provide added protection for all parties in case of mistakes or errors in the services provided. However, not all contracts may require professional liability insurance.

In Order for a Professional Services Contract to Provide the Mutually