Gentlemen’s agreement in commercial contracts

GentlemenDownload

Introduction 3
1. Contracts - essence and types 4
2. The essence of the gentleman's agreement 8
Conclusion 13
References 14
Introduction
The growth of businesses in Latvia is integral to the nation's overall economic progress and cannot be separated from it. The development of a trustworthy relationship between company partners is one of the primary factors that must be met in order for an entrepreneurial project to be considered successful. Every business begins with the intention of accomplishing a particular objective (most often, making a profit). In order to accomplish this, it is vital to create the ideal mechanism for the interaction of all the individuals who are taking part in business activity. It should come as no surprise that the organization communicates with a variety of counterparties given that it operates in a certain business environment. There are a variety of additional kinds of agreements that can be made in the course of business, in addi...

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