definition for: #ContractType

Commentary on specific types of contracts and their classification. Contract vary in many respects. Lengths vary - short contracts and long contracts. Layouts vary - schedulised, traditional, form, memo, letter. The nature of contracts vary - assignment, licence, lease, purchase, sale, production, distribution and so forth. There are many more areas of variations. Examples: - assets protected - risks managed - the industry to which a contract relates - the closest business life cycle (eg establishment, growth, maturity) - relevant business function - relevant operational stage