What terms of contract out of following were critical for contract between two companies that were different from the other side or difficult to agree on and why? 1 Currency ToyCo is to pay Krafty Kids using Canadian Dollars (CAD). This helps both companies to eliminate currency issues and risks. Other than that, this arrangement is very convenient for ToyCo as the company will not need to convert its currency Vietnamese Dong when paying and is an advantage of Krafty Kids considering the CAD is one of the currencies with higher value (demand) in the foreign exchange market. 2 Payment Amount ToyCo is to pay Krafty Kids on a fixed amount as agreed by both parties and as to what is written in the contract. This helps both companies to eliminate economic risks in relation to changing economies and economic situations, including inflation, trends, GDP, and the value of currencies. This makes the agreement eliminate external factors and conditions that might affect the fulfillment of the duties and obligations written in the contract. 3 Delivery Courier Krafty Kids is to transport the orders only through a delivery courier licensed and agreed by both parties in this contract. 4 Contract Instruments This contract is considered a direct transaction between ToyCo and Krafty Kids in which all instruments in this contract are non-negotiable and non-transferable. This prevents security and privacy risks for both parties involved in the transaction. No instruments in the contract (including payments, checks, bill of lading, etc.) shall be negotiated and transferred to protect the data and information of both parties involved in the contract. 5 Dispute Resolution Both parties are obliged to undergo negotiation, mediation, arbitrary, and tribunal during dispute resolution to ensure that all dispute resolution has been utilized prior to settling the dispute in the court. This is to ensure that the disputes and settlements are all done privately before the dispute is raised in court which makes the dispute more public. This is aligned with the security and privacy protection term of the contract that prevents private data and This helps both companies to promote the security of the orders from possible theft, damages, and losses during freight. This makes that transaction to be fair for both companies, in terms of freight insurance, as the delivery courier to transport the orders is approved by both parties. What are the key take always for next contract negotiations? Refer to specific examples from this negotiation in your answers