A business contract between two parties is a legally binding agreement that sets out the terms of a working relationship. It outlines the expectations, goals, and responsibilities of each party so that there is no confusion on either side. By having a contract in place, both parties are safegaurded against any potential risks or disputes that may arise during the course of their arrangement. This document provides clarity on what is expected of everyone involved and helps to ensure that all parties have the same understanding. Having a strong contract in place allows for an efficient and productive business relationship, resulting in mutually beneficial outcomes for both parties.