Most corporate relationships between a buying firm and a selling firm are enforced through a legal contract
Most corporate relationships between a buying firm and a selling firm are enforced through a legal contract. Contracts are generally valid for a certain period of time. Given the uncertainty in the business environment today, how would you include terms in the contract which would give the firms to adjust the terms if business conditions change? Discuss the aspects based on perspectives of both the buying and the selling firm.
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