Contracts in business relationships should:
A) Emphasize severe legal threats to ensure performance
B) Take all risks out of the arrangement
C) Provide for alternatives to litigation
D) Specifically cover all possible contingencies
E) Not be legally enforceable

Question

Quizplus · Accepted Answer

Providing for alternatives to litigation can help resolve disputes more efficiently and effectively, without resorting to costly and time-consuming legal proceedings. This can include mediation, arbitration, or other forms of alternative dispute resolution. Rather than relying solely on legal threats or trying to cover all possible contingencies, a well-crafted contract should aim to promote cooperation and clear communication between parties, while also outlining a fair and reasonable approach to resolving any disagreements that may arise.

Contracts in Business Relationships Should