The official business definition of Contracting Process Steps is a set of procedures and activities that are required to enter into a legally binding agreement between two or more parties. This process typically begins with the identification of a need or opportunity, followed by the development of a contract proposal, the negotiation of terms and conditions, and the signing of a contract. Throughout the process, the parties must ensure that the contract is legally binding and that all of the necessary information is included. The contracting process steps may vary depending on the type of contract, the complexity of the agreement, and the industry in which the parties are operating. Generally, the process includes the identification of the parties, the development of the contract proposal, the negotiation of terms and conditions, the signing of the contract, and the implementation of the agreement. It is important to ensure that all of the necessary steps are taken in order to ensure that the contract is legally binding and that all of the necessary information is included.