Introduction
For a business to function with other businesses, it becomes essential to limit the terms and conditions of a business. As a legal binding that can be applied to the business setting, a valid contract is essential to bind the two or more companies that have decided to work together (Kubasek, Brennan, and Browne, 2014). While a contract does not define the nature of business that can be bound with each other, it binds two or more businesses of the same or different type such that the terms and conditions are well defined.