Death Before Dishonour : Equity In Contracts

Contracts underpin every aspect of business and are a critical element for any successful business relationship. However, the true benefits of contracts are only understood when the contracts are properly drafted and clearly outline the rights and obligations of each party whilst facilitating a framework of cooperation and exchange. A problem which plagues contracts and often leads to a breakdown in negotiations is when parties to the negotiation adopt a hardened attitude and are unwilling to compromise on contractual clauses. This often leads to a complete breakdown in the relationship between the parties, erodes trust, and can amount to wasted costs and time with nothing to show for it.