Question: 6.Contracts: a.What are the elements of a contract? Please explain each element. b.What are typical remedies for breach of contract? Please explain each remedy. c.It

6.Contracts:

a.What are the elements of a contract? Please explain each element.

b.What are typical remedies for breach of contract? Please explain each remedy.

c.It is important that entrepreneurs understand the principles of contracts. Why?

d.What is the negative byproduct when there is no written contract?

e.List 8 of the clauses typically found in a contract.

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