The Death of a Contract

A Contract is a promise between two or more parties. It can be verbal, it can be written but never undone without expiration, modification or waiver.

~In simpler terms, a contract is a promise to keep your word.~

So what happens when one of the parties violates the agreed upon contract? Should that party's word be taken seriously again? Should they be punished? Or, should it just be assumed that no matter how and why the contract was violated, the reason given is justified?

In Business as well as in Life, we give our word daily. Whether it be a promise to provide a service in return for negotiated fee or a promise as minute as the guarantee of "yes, I will make sure to get the laundry done before you get home from work".

Promises kept are rarely memorable or praised....promises broken are never forgotten and probably shared. Give your Word carefully....your contract may be up for renewal.