Describe the legal aspects of buying ?
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6 Legal Status of Purchasing Manager • From a legal point of view, the following factors are associated with the appointment: 1. The purchasing manager must be granted the authority to make purchase contracts. 2. The purchasing manager accepts this contracting authority.
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Whether we like it or not, when buying or selling businesses, the legal aspects need to be addressed in order to protect both the buyer (Purchaser) and the seller (Vendor), which will require a “contract of sale” agreement.
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