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PerformanceBased Contracts Washington, DC USA March 1020, 2019Executive Seminar Cinderella Castle by Katie RommelEsham. Licensed under CC BSA 3.0 us via Commons https://commons.wikimedia.org/wiki/File:Cinderella×Castle.jpg#/media/File:Cinderella×Castle.international

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What is performance- based contracts?

Performance-based contracts are agreements between two parties where payment is based on achieving specific performance outcomes or milestones.

Who is required to file performance- based contracts?

Typically, both parties involved in the performance-based contract are required to file a copy of the contract for record-keeping purposes.

How to fill out performance- based contracts?

Performance-based contracts should be filled out with specific performance metrics, timelines, payment terms, and any other relevant details agreed upon by both parties.

What is the purpose of performance- based contracts?

The purpose of performance-based contracts is to incentivize parties to meet certain performance objectives and ensure accountability in the agreement.

What information must be reported on performance- based contracts?

Information such as performance metrics, payment terms, timelines, and any penalties for non-performance must be reported in performance-based contracts.

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