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How to write the purpose of a contract?

 

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Mochadocs - Contract Creation - Typewriter

 

 

The purpose of a contract is a statement that outlines the reason for entering into the agreement and the goals that the parties hope to achieve. This statement is typically included at the beginning of the contract and sets the stage for the rest of the agreement.

 

 

The purpose of a contract is an important element of the agreement because it helps to define the scope and intent of the contract. It also serves as a reference point for the parties involved, allowing them to understand the context and objectives of the agreement.

 

When writing the purpose of a contract, it is important to be clear and concise. The purpose should be stated in a straightforward manner, without using legal jargon or overly complex language. It should be easy for all parties to understand and should accurately reflect the goals and objectives of the contract.

 

To write an effective purpose of a contract, follow these steps:

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Step 1 - The reason(s)

Start by clearly stating the reason for entering into the contract. This could be to purchase goods or services, to establish a partnership, or to perform a specific task or project.

 

 

Step 2 - Goals and Objectives

Outline the specific goals and objectives that the parties hope to achieve through the contract. These should be clearly defined and should be measurable, so that it is possible to determine whether the contract has been successful.

 

 

Step 3 - Context

Consider the context of the contract and any relevant factors that may impact the agreement. For example, if the contract is being entered into in response to a specific event or situation, this should be mentioned in the purpose statement.

 

 

Step 4 - Include relevant details

Be sure to include any relevant details or constraints that may impact the contract. This could include the time frame for completion, the budget for the project, or any other factors that may affect the ability of the parties to fulfill their obligations under the agreement.

 

 

Step 5 - Consistency

Once the purpose of the contract has been clearly stated, it is important to ensure that the rest of the contract aligns with this statement. This means that the terms and conditions of the contract should be consistent with the goals and objectives outlined in the purpose statement.

 

By following these steps, it is possible to write a clear and concise purpose of a contract that accurately reflects the goals and objectives of the agreement. This statement can serve as a valuable reference point for the parties involved and can help to ensure that the contract is successful in achieving its intended goals.

 

Finally: Review the purpose of the contract with all stakeholders.

 

 

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written by

David Limaheluw

Mochadocs Customer Success

 

 

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