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Q Contract terms can be designed... Contract terms can be designed to eliminate or reduce conflicting...

Q Contract terms can be designed...

Contract terms can be designed to eliminate or reduce conflicting incentives that arise in business relationships.

True or False ?

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Answer #1

In Contract Term: Cotract term a type of bonding between two parties for particular term and condittion. Term and condittion are set with mutual agreement between both parties. If any one can breach the cotract then this will raise the contractual litigation.

So Contract term can design in a such matter which can reduce the  conflicting incentives that arise in business relationships in future.

So as per the given explanation, given statement is true.

Answer = True

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