Proposal vs Contract — What Are the Main Differences?

Proposal vs Contract are the two moments of a company that is engaged in commercial activities. These names are often perceived as synonyms. Nevertheless, these concepts have differences. In the first case, a signature is not required. The file is sent to the client for more details. In the second, it is signed by two parties. All of these points are binding. Proposal vs Contract: Definitions  A business proposal is a document with a detailed offer of the company, which is sent to a "cold" or "hot" client. In the first case, the text specifies the maximum details. In the second, adjustments are made based on the wishes of a particular person. The document most often includes four components: total amount of work; execution of all stages; the exact number…
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