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PRINCIPLE:
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"INTENT" of the parties
is the foundation of each contract.
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CONTRACT FUNCTIONS:
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- Negotiations
- Formation
- Breach & Defense
- Personal Contracts
- Commercial Contracts
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BASIC ELEMENTS OF CONTRACTS:
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- Dates
- Parties
- Purpose
- Consideration
- Authorized Acts
- Liabilities
- Costs & Expenditures
- Compensation & Handling of Funds
- Succession of Rights
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WARNING:
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Anticipate the time
when the parties do not agree.
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