An organization forms an alliance contract. It specifies in detail the duties and obligations of each of the partners, how the profits are to be split by the partners, and the process by which disputes will be resolved. Which of the following clauses is likely to cover the duties and obligations of the partners, including warranties and minimum output levels required to satisfy the contract?

Question

Quizplus · Accepted Answer

The clause that is likely to cover the duties and obligations of the partners, including warranties and minimum output levels required to satisfy the contract is the performance clause. This clause outlines the expectations, responsibilities, and performance standards that each party has agreed to uphold within the context of the alliance contract.

An Organization Forms an Alliance Contract