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Technology Entrepreneurship by Michael A. Lechter, Robert A. Hisrich, Thomas N. Duening

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Chapter 8. Contracts
After studying this chapter, students should be able to:
▪ Describe the sources of contract laws and requirements for contract formation
▪ Understand the concepts of contract offer, acceptance, consideration, and defenses
▪ Differentiate between substantial performance and a material breach
▪ Classify alternative remedies in the event of a breach
▪ Explain the basic structure of a contract
▪ Identify types of contracts encountered by a technology entrepreneur
Tech Venture Insight

Informal Agreements Can Lead to Intractable Arguments

A litigation involving Facebook.com founder Mark Zuckerberg, described by one judge as a “blood feud,” illustrates the need for definitive written agreements. In December 2002, Harvard student Divya Narendra ...

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