You probably enter into business contracts every week. But do you understand contracts basics? Can you interpret boilerplate provisions? Are you sure your contract is enforceable? Learn what you need to know about business agreements so that can you avoid making common contract mistakes.
How to Draft a Letter Agreement or an MOU
You don’t always need a formal-looking contract or a lawyer to make a business agreement. But it’s a good idea to document your agreement, expectations, and each party’s responsibilities in writing, especially when a large sum of money is involved.
Why Your Contract’s “Notices” Provision is Vitally Important
Pay close attention to this provision every time it appears in a contract.
How to Negotiate a Force Majeure Clause in Your Contract
You’ll be excused from performing your contractual responsibilities if a force majeure—a catastrophic “superior force”—makes it impossible. After the coronavirus pandemic, parties to a contract are paying close attention to the force majeure clause, and are negotiating for the most advantageous wording.
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What goes into a legally binding agreement?
Contracts 101: Make a Legally Valid Contract
All you need is a clear agreement and mutual promises to exchange things of value.
Ten Tips for Making Solid Business Agreements and Contracts
Follow these guidelines to make an enforceable, plain-English business agreement or contract.
What Is an Assignment of Contract?
What happens when rights and duties under a contract are handed off to a third party?
What Constitutes Acceptance of a Contract Offer?
No contract exists until an offer is accepted. So what does "acceptance" mean?
Who Lacks the Capacity to Contract?
Certain people lack the legal ability to enter into a binding contract.
Common Boilerplate Provisions in Contracts
A look at some of the standardized language you'll find in many contracts.
Choice of Law Provisions in Contracts
Your contract can specify the governing law that will apply to disputes involving the agreement.
Time Is of the Essence Contract Provisions
What does a "time is of the essence" contract provision mean, and will it be enforced?
A bill of sale is the contract that's used most often for a car or other goods are bought and sold.
Business Acquisitions: Asset or Stock Sale
Tips on using an acquisition agreement when one business buys another.
Sample Confidentiality Agreement (NDA)
What does a typical confidentiality agreement look like? Here's a sample NDA.
Understanding Broker Fees and Commission Agreements
Who pays the broker that helps you buy products and services? It all depends.
Breach of Contract: Material Breach
How do you know whether your contract is "irreparably broken" in the eyes of the law?
Breach of Contract: Anticipatory Breach (Repudiation)
Contracts can be broken as soon as one party indicates that it can't -- or won't -- meet its obligations.
Here's some background on this very large collection of legal rules governing many important business and commercial activities.