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Your company’s contracts have a substantial impact on its long-term success and also its liabilities.

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.

When writing a contract, you want to consider the potential changes in the future or the need for alterations to that contract.

When considering whether to enter a lawsuit over a contract, it is important to know if the lawsuit is viable in court.

When a supplier, contractor or employee breaches their contract with your company, your business’s finances will probably suffer.

A trademark is an image or logo that helps consumers immediately identify your company or product.

When you hire new employees or promote your existing staff members, you will probably have them sign an employment contract with your company.

Your employment contract probably talks about what you expect your workers to do and how you will compensate them for fulfilling those obligations.

A breach of contract could leave your company scrambling to find services, a new supplier or other crucial resources for its operations.

When something goes wrong with a supplier, it can be disastrous for your own company’s bottom line and reputation.