Situation: Contractual situation

Hi, welcome to the twenty first day of The Leads Intellectual challenge: a 30-day challenge with Fatai Kareem. If you would like to know more about signal situation, read the twentieth day challenge here . Today, he will be discussing another type of situation known as contractual situation. Why do businesses use terms and conditions for their offering? Why do businesses use invoice? Why do you sign terms and conditions form? Well, understanding contractual situation will enable you to understand how you can relate better with other people. What is contractual situation? Contractual situation is a situation that involves an agreement between two or more parties on a common ground, which leads to an exchange of values that satisfy the needs of each party. This situation occurs to protect the rights and satisfy the need of two or more parties involve in a contract, transaction or business. Therefore, it ensures that the interest of each party is considered by...