They are divided into three types: commodity, service, and technology contracts. 1  Commodity contracts include fuel, vehicles, office supplies, and food. 2  Elevator maintenance is an example of service contracts. 3  Technology contracts include hardware, software, telecommunications, and IT services.
Relevance is ordinarily a necessary condition, but not a sufficient condition, for the admissibility of evidence. For example, relevant evidence may be excluded if its tendency to prove or disprove a fact is heavily outweighed by the possibility that the evidence will prejudice or confuse the jury.
Accounting relevance deals with the usefulness of financial information to users during the decision making process. Obviously financial information that isn't related to users decisions isn't useful to creditors or investors.