Understanding the Contract Cycle in Business - PowerPoint PPT Presentation

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Understanding the Contract Cycle in Business

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- Business contract cycle is a period of time in which the economic activity of the business is discussed among the parties in action and then they come with up with a fixed contract; the contract may be indefinite or applicable to a limited number of years. Unless there is a provision built into the contract, it cannot be broken without the agreement of both parties involved. There are a number of steps typically involved in the business contract cycle. Here is a brief summary of the contract cycle. – PowerPoint PPT presentation

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Title: Understanding the Contract Cycle in Business

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