Explain the importance of a good contract in business. Write in a paragraph or two! I'll give brainliest to the 1st person with a good answer!

A good contract is extremely important in business.

Contracts provide a written document that outlines the full understanding of the business relationship and scope of the work so that no one can claim any misunderstandings later down the road. They specify exactly what rights are being purchased and what rights you're retaining. They're binding and legally enforceable. In addition,They protect both you and the client. They also minimize risk. Furthermore, It’s a mark of professionalism and should actually inspire confidence, knowing that you take your business seriously.

Hope this helps :)

i dont think so i think its more a lot of people i know failed the first time

explanation:

answer:

the colonists had their reasons for creating a weak central (federal) government under the articles of confederation. not only did they create a weak federal government, they restricted the powers of the state governors because they were so concerned about the leaders abusing their power.