For example, if it later turns out that one of the parties was unable to enter into a legally enforceable contract when the original was approved, that party may choose to ratify the contract if it is deemed legally capable. A treaty considered countervailable can be corrected through the ratification process. Ratification of the […]

A purchase requisition is nothing more than a document. But it is this document that plays an important role in a company`s procurement process. It is a control tool, a brake on fraud and an important element in authorizing purchases on behalf of an organization. Purchase requisitions are more likely to be interdepartmental forms […]