What challenges arise from perceiving contracts as either final, binding documents or flexible agreements open to change, and how can these differing views impact international business relationships?

$2$ points

Perceptions of contracts do not significantly impact international business relationships as most parties share a common understanding Differing views on contracts, where one party sees them as final binding documents and the other as flexible agreements, can lead to misunderstandings and conflicts, impacting trust and cooperation in international business relationships

Contracts are universally viewed as flexible documents, making any differences in perception irrelevant Final binding contracts are the norm in international commerce, so flexible agreements are rarely encountered