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Purchasing contracts are a form of commercial law that govern the sale of goods and services between two or more parties. These contracts are legally binding documents that outline the terms of the agreement, including the price, delivery date, payment terms, and any warranties or guarantees. They also provide a framework for resolving disputes that may arise during the course of the transaction.
Purchasing contracts are used in a variety of industries, including manufacturing, retail, and construction. They are also used in the sale of real estate, intellectual property, and other intangible assets. The use of purchasing contracts helps to ensure that both parties are aware of their rights and obligations, and that the transaction is conducted in a fair and equitable manner.
Some of the companies in the purchasing contract market include Oracle, SAP, Microsoft, IBM, and Deloitte. Show Less Read more