The best way to structure a contract between two parties in order to minimize potential disputes is by clearly outlining the specific expectations, rights and obligations of each party. This should include a detailed description of all services or goods to be provided, payment terms, deadlines for performance or delivery, conditions for termination of the agreement, remedies available if either party fails to perform their obligations under the contract, as well as provisions that define what will happen in case of disagreements or breach. It is important that any ambiguities are clarified prior to signing the document so that both parties understand what they are legally agreeing to with regards to their respective duties and responsibilities. Furthermore, it is wise for both parties seek out legal advice and have the document reviewed by an attorney in order ensure its validity and enforceability within their jurisdiction. Finally, having an arbitration clause included can help avoid costly litigation should any disputes arise between the parties at a later date.
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