Written contracts may consist of a standard agreement or a letter of confirmation of the agreement. A contract is a legal document that binds at least two parties to each other and asks them to fulfill certain obligations described in the treaty. In some cases, there may be a termination of the contract that makes the treaty legally binding. Only the parties to the agreement can terminate a contract. A contract usually requires one or more parties to do what is called a benefit. For example, a company may enter into and sign a contract to allow a public spokesperson to speak at a corporate event. As soon as the public speaker fulfils his obligations under the contract, this is referred to as a benefit. If, for some reason, it is impossible for the public speaker to perform his duties, he is referred to as impossibility of performance or sometimes “frustration”. The software technology used by Wellpoint and other major U.S. health funds is provided by MIB Group. The software automatically resolved a fraud review to each recently diagnosed policyholder with breast cancer and searched for undisclosed conditions in the application.   The MIB Group provides a “follow-up service” that offers a “second chance” based on additional information discovered during the period likely to be contested.  The service is maintained two years after the first care and may include, among other things, credit history, medical conditions, driving records, criminal activity, drug use, participation in dangerous sports and personal or family genetic history.
 Consumers can request a copy of their report data from MIB Group.  The insurer is also required to prove an “intention of deception” in the misrepresentation, this requirement of fraud or intent was extended to September 23, 2010 at the federal level for health insurance contracts by Section 2712 of the Patient Protection and Affordable Care Act. In the long run, the amendment may have little effect in practice, as the invoice ultimately does not allow for acquisition on the basis of existing conditions.  Previously, most states had to prove that they were “ready to deceive.”  Contractual guarantees are less important conditions and are not fundamental to the agreement. They cannot terminate a contract if the guarantees are not fulfilled, but they can claim damages for the losses incurred. A standard form contract is a prepared contract, in which most conditions are set in advance, without it being a negotiation between the parties. These contracts are usually printed with only a few spaces to add names, signatures, dates, etc. A commercial contract is a legally binding agreement between two or more persons or entities. Another example would be that a lender agrees to borrow $100,000 at an interest rate of 5.0% for 30 years, and the loan documents are all established for a loan at an interest rate of 6.0%.