1. Explain briefly each of the following contracts and its salient features.

( Each of the following, you need to explain what is the contract, who is taking risk, what type of risk, how one convinces other to sign the contract, how the opposite party is compensated for his risk taking, under what business condition this contract is appropriate).

i.Buyback or returns contract

ii.Revenue-sharing contract

iii.Quantity flexibility contract

iv.Sales rebate contract