Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.The personnel involved in Contract Administration required to negotiate, support and manage effective contracts are expensive to train and retain. A sales contract is a contract between a company (the seller) and a customer where the company agrees to sell products and/or services and the customer in return is obligated to pay for the product/services bought.
The definition of a fault is a weakness in the rock strata that can shift and create an earthquake. An example of fault is the San Andreas fault line in California. Fault means a mistake or a weakness. An example of fault is having a problem telling the truth.
A fault is a fracture or zone of fractures between two blocks of rock. Faults allow the blocks to move relative to each other. This movement may occur rapidly, in the form of an earthquake-or may occur slowly, in the form of creep.eft-lateral strike-slip fault-a fault on which the displacement of the far block is to the left when viewed from either side. right-lateral strike-slip fault-a fault on which the displacement of the far block is to the right when viewed from either side.