Contracts are crucial in business leadership for several reasons:
Clarity and Communication: They provide clear guidelines on what is expected from each party, minimizing misunderstandings. Legal Protection: Contracts offer legal recourse in case of disputes, safeguarding the interests of all involved. Resource Management: They help in managing resources efficiently by clearly defining the scope and deliverables. Accountability: Contracts hold parties accountable, ensuring that they adhere to the agreed-upon terms.