Once an acceptance is confirmed, there is a deal. In international trade, usually a contract will be made to further specify the rights and obligations of both sides for legal purposes. Should any conflict between the two sides arise later, reference is generally made to the contract in an effort to resolve the misunderstanding. It is thus important that the contract is negotiated with care so that buyers and sellers are willing and able to execute within its terms. Once the contract is signed, it is binding upon both parties.