Maximum Score 1Contract terms are statements by the parties to the contract as to what...

Maximum Score 1

Contract terms are statements by the parties to the contract as to what they understand their rights and obligations to be under the contract. It is important from the outset that there is a genuine agreement between the parties as to what the contract terms are. After the contract has been made, it is too late for either party to alter its terms unilaterally.

Which of the following is another role that negotiated contract terms might play?