Contracts are an integral part of the workplace. The purpose of a contract is to establish an agreement between two or more parties. The contract specifies the terms and obligates the parties to follow them. Contracts often include the amount that a client will pay contracts and what services will be provided. For example, in your office, you may have a contract that provides assurance that your copier machine or phones will be repaired within a certain amount of time. A contract often states way to determine if quality of work delivered is acceptable. Well-written contracts usually provide way to resolve problems like these when they happen. Before engaging in a contract, both parties should think carefully,as they will have to abide by the conditions specified in it. A contract usually specifies how the two parties can cancel it if either party fails to meet the terms.