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Directions: Work collaboratively to answer the following items.As always, expand or contract the allotted space as needed to fully answer each item. When you are

Directions: Work collaboratively to answer the following items.As always, expand or contract the allotted space as needed to fully answer each item. When you are finished, upload your answers into the B-a-B Contracts folder in Team Assignments on the Assignments page. This assignment is worth 20 points and will count toward your Discussion grade.

NOTE:Some teams have virtual businesses. For this assignment, remember that your business also has aphysical location, e.g., an office or building from which you and your employees/independent contractors your software or operate your cloud computing business.

Contracts: Your company will require many contracts to start and maintain operations. Identify at least 10 below. In complete sentences, respond to the following for each of your 10 contracts:

  • Note who the other party to the contract would be (e.g., vendor, customer, workers, service providers) and
  • briefly describe the purpose of that contractual agreement.
  • Identify some key provisions would you want included in that contract to allocate or reduce potential legal risks your company might encounter in the execution of the contract.

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