ABSTRACT

The selection of a product and the proposals made to the owning company and having negotiated the terms to achieve a satisfactory deal for the components, these must now be captured in a contract which allows the parties to achieve their objectives. When an agreement is negotiated the terms and conditions may be complex and as a result sometimes even become inadvertently unenforceable or actually illegal. The method for achieving this as noted before requires a highly formalized structure. A program written in a computer language such as Basic commences with a name for the program or routine and a description of its purpose. The definitions used and their structure are entirely typical of licence contracts enacted in the United States and in most jurisdictions where common laws and contract laws are based on English Law. A toughly negotiated transaction with contentious issues or disaffected personnel on either side requires periodic or more frequent scrutiny.