Contract Management Guide: Contract Performance, Data, Patents, and Copyrights

1546 Words Jan 9th, 2018 6 Pages
As a result, contracts consist of various elements such as an offer, acceptance of the offer, mutuality of obligation, legal purpose, consideration, and competent parties. As a legally binding agreement, there is need for both parties to carry out their obligations as stated in the agreement. Therefore, contract performance is the processes and procedures that are established for evaluating the performance of all parties in the agreement. With regards to data, patents, and copyrights, the rights in data can be considered as special rights that overlap those of patents and copyrights since they can only be exercised by the federal government.

Contract Performance: One of the most important aspects that follow the award of a contract is the need to deliver based on the provisions of the agreement. In order to ensure that the contract is delivered appropriately, the performance of the contract requires similar diligence, attention, and accuracy displayed during the preparation of the bid. The need for the consideration of these aspects is because many different problems and issues are likely to arise after the contract is awarded. These problems can arise while the parties are in process of conducting the legal duties that each has promised ("Legal Issues in…

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