Business-to-business transactions are key to economic development. An organization cannot provide services or materials to consumers if it does not have reliable sources of raw materials. The trading that organizations do with one another represents a truly...
Decades ago, most people had no idea employment contracts or agreements existed. Just about the only ones who used these agreements were large corporations with many executive-level positions. In the 21st century, employment contracts are much more common, but you...
As you build your business, you may find that there are certain aspects of it that you want to keep a secret. Whether these are client contact lists or trade secrets, it’s crucial that you do what you can to ensure employees and others who have access to the...
The successful business that you started is the result of years of hard work and personal sacrifice. Knowing that you were able to create a concept that other people found appealing and could manage that business until it grew into a thriving organization might even...
An employment contract defines what is expected from both the employer and the employee. It has clear guidelines, eliminating chances of misunderstandings in the future. Thus, you need to create an effective contract for your employees. To do so, you will include...
If your business is in debt, you may be worried that it’s insurmountable. The business is going to have to close. There’s just no way that the current model is sustainable, even if the reasons for it are things that are out of your control – like inflation or a...
Contract law plays a vital role in our daily lives, even if we don’t realize it. A simple transaction at our local grocery store is a contract. In areas such as business or real estate, the sums of money at stake can be much more significant, so watertight contracts...
A partnership agreement is a very important document if you’re starting a new business. It’s essentially a contract between you and your business partner. What does this contract need to include? It’s important to know before you begin so that you can get everything...
It’s important that you understand your rights and obligations if you decide to sell your business. Before you can sell your business, you will need to make sure it is ready to sell. You’ll want to be sure that you understand your financial situation and that you have...
Business contracts generally outline what obligations each party has to the other. From establishing a timeline and the payment schedule to restricting future economic activities, there are many inclusions for contracts that can help protect those signing the...
