Would you please explain for me what a business contract implies?
A contract is an agreement which is binding on both parties mutually. A contract might be formal or informal, oral or written. An implemented contract is one which has been fully executed by both sides ; an executive contract is one which is going to be performed. They are enforceable by laws and any party who defaults the contract may be sued and forced to make compensation.
What are the purposes of contract?
In an ordinary contract, the objective of a contract might be relatively simple, indicating the description of commodity, price, quantity, terms of payment and etc.
When we draft a contract, which points should we pay special attention to?
Well. First, make meaning clear by using concise forma language. Second, describe accurately the exact requirement. Finally, state clearly the permissible variation in quantity.