Contracting Process

The contracting process involves several key steps to create a formal agreement between parties. First, there's negotiation, where terms and conditions are discussed. Next, a contract draft is prepared outlining obligations, rights, and considerations. Both parties review and suggest changes, ensuring mutual understanding. Once finalized, both parties sign the contract, making it legally binding. It's crucial for both sides to honor the agreement; if disputes arise, they may be resolved through discussions or legal channels. Overall, this process helps establish clear expectations and protects the interests of all parties involved.