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Definitions from the Web

Contractual Relationships

Definition:

A contractual relationship refers to a legally binding agreement between two or more parties that establishes their rights and obligations.

Senses:

Sense 1:

In a general sense, contractual relationships encompass any formal or informal agreements entered into by individuals, organizations, or companies.

Example Sentence: The contractual relationships between employers and employees are established through employment contracts.

Related Products on Amazon: Employment contracts

Sense 2:

Contractual relationships also refer to the legal ties between suppliers and customers, where terms and conditions are specified for the provision of goods or services.

Example Sentence: The company's success heavily relies on maintaining strong contractual relationships with its suppliers.

Related Products on Amazon: Supply contracts

Sense 3:

In a business context, contractual relationships can refer to partnerships, alliances, or joint ventures formed to pursue common objectives.

Example Sentence: The contractual relationships between the two companies enabled them to penetrate new markets together.

Related Products on Amazon: Joint venture agreements

Sense 4:

Local communities often form contractual relationships for the management of shared resources or the provision of public services.

Example Sentence: The contractual relationship between the municipality and the waste management company ensures efficient garbage collection.

Related Products on Amazon: Municipal service agreements