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What is a Contingency?

A contingency is a part of the agreement that must be met, otherwise the other party can cancel the contract. For example, a buyer interested in a home may place an offer that is contingent upon the building being cleared by a certified home inspector. If it isn’t cleared, the contingency has not been met and the buyer can negate the agreement.

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A business contingency plan outlines your organisation's course of action in the event of substantial or business-critical occurrences that cause you to lose focus on your original goals.

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A business contingency plan is a strategy for how your company will act in the case of significant or business-critical events that divert your attention from your initial objectives. Visit here Pest Control Companies USA

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