ECO.3:4.2 - Construct the combination and terms

Form a concrete proposal: who provides what, to whom, when, under which conditions and in exchange for what. The combination may change the product, service, counterparties, sequencing or ownership of a result. Money can mediate the exchange, but barter, reciprocal service and conditional access can also be candidates.

For each party, compare participation with its feasible alternative. Include the work of discovering, arranging and sustaining the exchange, including an intermediary’s contribution. Use ECO.1 for disputed quantities. A difference in valuations can enable trade; agreement on one objective is unnecessary.

Follow the proposal through the complements needed to realize it. Name unresolved supplier, customer, performer or funding commitments for ECO.4. Identify materially affected nonparticipants and resource consequences. Consent between the prospective parties alone does not settle imposed costs or rights of others.