Taxonomy of Contract Logic

In the world of contract management, there are three different types of contract logic to consider. The first type is contract assembly logic, used to create a contract that the parties involved could sign. The second type is contract definition logic, which describes the terms and conditions of the agreement in detail. Finally, we have contract execution logic, which outlines how the parties will carry out and enforce the contract after signing. By understanding these types of contract logic, parties can ensure that their contracts are well-written, comprehensive, and legally enforceable.

Source: Innovation that Matters






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