Course Solutions Uncategorized (Answered) : Often it is more desirable to renegotiate a contract than to terminate one. What do you think may be some of the effects of a co

(Answered) : Often it is more desirable to renegotiate a contract than to terminate one. What do you think may be some of the effects of a co

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:25 pm
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Often it is more desirable to renegotiate a contract than to terminate one. What do you think may be some of the effects of a contract termination from the buyer’s perspective? What about from the seller’s perspective?

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Expert Answer

From the perspective of buyer when a contract is terminated the buyer may loose some of the sale figure if the material is used by buyer to sale in the market, buyer has to negotiate contract with another parties which required time and cost, buyer may miss delivery of key

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