by Miquel Suthar (Author)
Whenever you buy something, you enter into a contract. For a contract to exist, you have to offer to buy something, the seller has to accept your offer, and something of value has to be exchanged.Lawyers refer to these "elements" (essential parts) of a contract as an "offer", "acceptance", and "consideration". Contracts are a regular part of our everyday lives. This book covers the basic law of purchasing everyone needs to know. Understanding the law of contracts as it relates to purchasing and supply management will enable you to avoid mistakes and improve relationships with suppliers, customers and your legal department. This book helps you know your rights, responsibilities and obligations so you can protect yourself and your organization. It also covers fundamental contract principles from bid to contract to performance.