Answer the questions below
- 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.