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General conditions of contract are the normal rules and terms that govern the manner in which a contract will be handled between two parties. These are payment terms, liability, deadlines, dispute resolution and termination. General conditions of contract, in most agreements, are used to establish a clear legal framework, by which both parties are aware of their rights and responsibilities. They are usually applied in construction, service, and business contracts to ensure there is no misunderstanding and to lessen the likelihood of conflict in the future.
General conditions of contract are the normal rules and terms that govern the manner in which a contract will be handled between two parties. These are payment terms, liability, deadlines, dispute resolution and termination. General conditions of contract, in most agreements, are used to establish a clear legal framework, by which both parties are aware of their rights and responsibilities. They are usually applied in construction, service, and business contracts to ensure there is no misunderstanding and to lessen the likelihood of conflict in the future.
