1.Draw up the contract agreements based on your final negotiated outcomes. Each contract must contain the following details:

You are encouraged to identify legal requirements based on your own research or legal advice. The following websites provide basic information thereto:

https://www.smallbusiness.wa.gov.au/business-topics/money-tax-and-legal/legal-matters/business-contracts/#verbal

https://www.business.qld.gov.au/business/starting/starting-a-business/working-business-advisers/types-business-advisers

>Names of contracting parties including trading names and ABN/ACN, as well as their contact details

>supply conditions, including volume, price, discounts, ordering periods, take or pay and delivery times

>payment terms

>specifications of goods or services supplied (scope of goods)

>warranty periods for defective goods or services

>limited liability (risk of loss or damage)

>intellectual property

>confidentiality

>insurance

>dispute resolution

>termination and exclusion clauses

>signature provisions