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The Contract The most important document in any project is often overlooked. Decide in advance what form of contract is appropriate to your work and what documentation is needed to support it. Very often, clients breathe a sigh of relief when tenders have been received, appoint a contractor by letter or purchase order and give no further thought to the legal contract between them. This is almost always mistaken; we strongly recommend formal exchange of contracts where the value is in excess of $100k. Using an appropriate standard form of contract protects the interests of both parties and, should the contract go seriously pear-shaped, provides a legal framework within which to seek redress. Your intent in documenting the contract is to focus the minds of the parties on their obligations. Hopefully, once signed, the contract can be filed away and never referred to again!
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