Answer:
If a contract is to be entered both Commercial and Financial terms are to be considered: The Following terms should be carefully analyzed: Term of the contract: The term of the Contract is very much important, as the resources shall be required during the term of the Contract. Amount of the Contract: The amount of the contract is the another important factor which is important, as the amount is a consideration which shall be received once the contract is executed. Governing Laws: The governing law is the another factor which is to be considered, as in case of a dispute the laws of which countries shall be applicable as in case of a dispute which laws shall be relevant is important to be known. Method of settlement of dispute: This clause shall state that how the dispute amongst the parties shall be resolved; say in many cases the dispute is settled through the appointment of the Arbitrator