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A contract plays a crucial role in the day-to-day running of most businesses. At a fundamental level, a contract is an agreement, whether verbal or written, between two or more parties that outline the rights and responsibilities of each party in the contract....
Contracts are a part of daily life for individuals across the country. Sound contracts can be engaged numerous times a day, and the fact that people might not notice this at times is a sign that an agreement is working well. However, a contract that is not...
Employment contracts help protect your company. They make it clear what kind of compensation an employee should receive and what you expect of them. Sometimes, you may have to go to court to enforce your contract, such as when an employee violates a restrictive...
A nondisclosure agreement (NDA) is a legal contract that you can use to protect sensitive information. You can have your employees sign it before allowing them to have access to your business secrets and other proprietary information. The goal, of course, is that you...
Your company's contracts have a substantial impact on its long-term success and also its liabilities. Whether you execute contracts with customers or with your own workers, one of the issues you need to address is the possibility of a future conflict. If there is a...
The terms of a contract are legally binding. It means that all the parties are obligated to fulfill and perform according to the contract terms. Not doing so amounts to a breach of contract, which is defined as the failure to live by all the contract agreements...
When writing a contract, you want to consider the potential changes in the future or the need for alterations to that contract. The more flexibility it has, the more you can do to resolve or even avoid a dispute. One example is to include an escape clause, which may...
When considering whether to enter a lawsuit over a contract, it is important to know if the lawsuit is viable in court. There are a few instances where a contract cannot legally be enforced or where it becomes voidable, able to be voided by either party. Knowing if...
When a supplier, contractor or employee breaches their contract with your company, your business's finances will probably suffer. Contract breaches can force manufacturing facilities to a standstill or otherwise cause delays and expenses for your business. If the...
A trademark is an image or logo that helps consumers immediately identify your company or product. You register your trademark to protect it as your original intellectual property and to help ensure that you can stop someone else from damaging your company's...
