The module “Contracting and legal aspects” enable you to understand the basics of using contracts to negotiate and formalize transaction agreements, risks and advantages of model contracts; and to familiarize with ITC’s model contract. It is easier and safer if the process of negotiating a contract is recorded in some sort of writing or electronic means (such as an e-mail) as a way of proving the existence of the negotiations, the agreements reached on specific issues, or as a means of proving the existence of the contract.