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a future contrat is something that is givn to those who lbelieve thatey have what it takes in pproviding something that it is both essential as well as beneficial for both sides . it is hard to explain what it is instead im going to attempt to give an example of a future contract . right now it is all over the news the information about black water. It is a privately own security ffirm that is providing security for the contracters that are presently in iraq. More than providing a good foundation to the security forces in iraq, black water is provinding a contract to the security detail that is presently in iraq. In America aas well as in other countries a contract speaks volumes due to the fact that is in writting it is hard to create dissenting views on the material that is written on paper. social contracts as well as business contracts are carried out more frequently because there are a set of rules that are to followed if the contracts are broken. People are going to be punished and people have the fear of being punished and therefore they respect the rules of the contract. Future contracts do not only pose a danger they also pose a guarantee to the good faith of the company that they are going to provide a good or a service in the future,
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What is a futures contract?
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