{"id":7325,"date":"2024-11-23T20:41:43","date_gmt":"2024-11-23T12:41:43","guid":{"rendered":"https:\/\/chinggislaw.com\/?p=7325"},"modified":"2024-11-25T14:56:13","modified_gmt":"2024-11-25T06:56:13","slug":"what-is-the-purpose-of-contracts","status":"publish","type":"post","link":"https:\/\/chinggislaw.com\/?p=7325&lang=en","title":{"rendered":"What is the purpose of contracts?"},"content":{"rendered":"<p>Contracts are not just a legal document enforceable by law. Contracts are for:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Successful business outcome for contracting parties<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Relationship-building<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Effective information (user-friendly for clients, contracting parties, &amp; non-legal audience)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Making sure that essential terms are given cautious attention (Limitation of Liability, Indemnities, Governing Law, Termination, or\u00a0 Insurance)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Legal risk management<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Compliance<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Sales and Marketing leverage<\/li>\n<\/ul>\n<p><!--more--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contracts are not just a legal document enforceable by law. Contracts are for: &nbsp; Successful business outcome for contracting parties &nbsp; Relationship-building &nbsp; Effective information (user-friendly for clients, contracting parties, &amp; non-legal audience) &nbsp; Making sure that essential terms are given cautious attention (Limitation of Liability, Indemnities, Governing Law, Termination, or\u00a0 Insurance) &nbsp; Legal risk [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[558,560,512,59],"tags":[],"_links":{"self":[{"href":"https:\/\/chinggislaw.com\/index.php?rest_route=\/wp\/v2\/posts\/7325"}],"collection":[{"href":"https:\/\/chinggislaw.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinggislaw.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinggislaw.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/chinggislaw.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7325"}],"version-history":[{"count":6,"href":"https:\/\/chinggislaw.com\/index.php?rest_route=\/wp\/v2\/posts\/7325\/revisions"}],"predecessor-version":[{"id":7332,"href":"https:\/\/chinggislaw.com\/index.php?rest_route=\/wp\/v2\/posts\/7325\/revisions\/7332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chinggislaw.com\/index.php?rest_route=\/wp\/v2\/media\/7326"}],"wp:attachment":[{"href":"https:\/\/chinggislaw.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinggislaw.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinggislaw.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}