Complete contract
Okay kiddo, so a complete contract is like a promise between two people that has all the important information in it. Just like when you promise your friend that you'll share your toys with them, you might want to make sure they understand exactly which toys you'll share and when you'll share them. That way, there won't be any confusion or arguments later!
A complete contract between adults works the same way. Let's say two people want to work together on a project, like building a treehouse. They might make a complete contract that explains things like:
- Exactly what the project is (building a treehouse)
- Who will do what tasks (one person might bring the tools, the other might climb the tree)
- How long the project will take (maybe one Saturday afternoon)
- How much money or resources each person will contribute (maybe one person pays for the supplies and the other brings snacks)
When everything is written down clearly in a complete contract, it helps both people understand what they're agreeing to do. And if there are any problems later, they can look back at the contract and figure out what they agreed to. It's like having a grown-up "pinkie promise" that everyone can understand!
A complete contract between adults works the same way. Let's say two people want to work together on a project, like building a treehouse. They might make a complete contract that explains things like:
- Exactly what the project is (building a treehouse)
- Who will do what tasks (one person might bring the tools, the other might climb the tree)
- How long the project will take (maybe one Saturday afternoon)
- How much money or resources each person will contribute (maybe one person pays for the supplies and the other brings snacks)
When everything is written down clearly in a complete contract, it helps both people understand what they're agreeing to do. And if there are any problems later, they can look back at the contract and figure out what they agreed to. It's like having a grown-up "pinkie promise" that everyone can understand!