• Denote what a contract breach is and how it is caused.
• Note what damages and remedies are on contracts.
• Define a complex licensing agreement.
• Discuss the various steps of the contract process from drafting the contract, through negotiation, and finally through execution and closeout.
  • Denote what occurs at each step of the process.
• Discuss the complexity in the contacting process and denote why organizations take the time to use contracts.

Please find reference sources and cite de sources in the answers. Please!! (Articles, Journals or Magazine)

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Understanding Contracts From Breach to Closeout Contract Breach A contract breach occurs when one or both parties fail to fulfill their obligations as outlined in the contract 1 This can happen in sev... View the full answer