Discuss why good contract practice is important in the project management? Describe the contract strategy that can be used to reduce some risk for the project management. Elaborate the legal and operational principles of contract that can be used for the project management.

Business Its Legal Ethical & Global Environment
10th Edition
ISBN:9781305224414
Author:JENNINGS
Publisher:JENNINGS
Chapter17: Management Of Employee Conduct: Agency
Section17.3: The Principal–agent Relationship
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Discuss why good contract practice is important in the project management? Describe the contract strategy that can be used to reduce some risk for the project management. Elaborate the legal and operational principles of contract that can be used for the project management.

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