QUESTION $352.$ pointsHow do contracts facilitate trust and cooperation between parties from different legal systems and cultural backgrounds, and why is this particularly important in ensuring thesmooth flow of goods, services, and capital across national borders? Contracts are secondary to building personal relationships and trust, which are the primary drivers of successful international trade.Contracts are essential in facilitating trust and cooperation as they provide a clear and legaity enforceable framework that outlines each party's obligations and rights, which es particularly important for ensuring the smooth flow of goods, services, and capital across national bordersTrust and cooperation in international commerce are primarily achieved through informal agreements and personal interactions, rendering formal contracts less importantContracts often hinder trust and cooperation because they impose rigid legal frameworks that do not account for cultural differences or the nuances of international business