Contracting Activity – Awards – Business Opportunities – The Port Authority of

Awards

and Advisory

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    Advisory Call-In / Award List

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    2001- CurrentYear The Port Authority of New York and New Jersey. All Rights Reserved.

    The Port Authority of New York and New Jersey

    (212) 435-7000 4 World Trade Center, 150 Greenwich Street, New York, NY 10007





  • Contracting Activity – Awards – Business Opportunities – The Port Authority of

    Awards

    and Advisory

  • Professional Technical and

    Advisory Call-In / Award List

  • World Trade Center

    Business contractAbout the Port AuthorityBusiness contract

    Business contractBusiness OpportunitiesBusiness contract

    Special Events, Films

    Business contractand Photo Shoots at

    Business contractPort Authority Facilities

    Business contractCareersBusiness contract

    Business contractPort Authority PoliceBusiness contract

    Business contractInspector GeneralBusiness contract

    Business contractPress RoomBusiness contract

    Business contractWorld Trade CenterBusiness contract

    Business contractReal Estate DevelopmentBusiness contract

    Business contractCapital ProgramBusiness contract

    Business contractAirportsBusiness contract

    Business contractPATH RailBusiness contract

    Business contractBridges TunnelsBusiness contract

    Business contractBus TerminalsBusiness contract

    Business contractAlerts AdvisoriesBusiness contract

    Business contractE-ZPassBusiness contract

    Business contractPort of New York New JerseyBusiness contract

    Business contractAir CargoBusiness contract

    Business contractTrucker’s ResourcesBusiness contract

    Business contractRegional Goods Movement Action ProgramBusiness contract

    Business contractGovernanceBusiness contract

    Business contractFinancial InformationBusiness contract

    Business contractBoard InformationBusiness contract

    Business contractPublic Records AccessBusiness contract

    Access to Personal

    Public Records Fulfilled

    List of Immediately Available

    Business contractTransparencyBusiness contract

    Business contract

    Business contractPort Authority Information

    Business contract

    Business contractPress Room

    Business contractSafety Security

    Business contractReport Fraud

    Business contract

    Business contractAlerts Advisories

    Business contractDoing Business with Us

    Business contract

    Business contractCareers

    Business contractContact Us Social Media

    Business contract

    Business contractLost Found

    Business contractFeedback

    Business contractFrequently Asked Questions

    Business contract

    Business contract

    2001- CurrentYear The Port Authority of New York and New Jersey. All Rights Reserved.

    The Port Authority of New York and New Jersey

    (212) 435-7000 4 World Trade Center, 150 Greenwich Street, New York, NY 10007





  • Business Contract Template – Business Sales Agreement Sample #business #development #manager

    #business contracts

    #

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    Business Contract Basics

    Whether you run a business out of your home or a big skyscraper, using written agreements is critical to protect yourself and to keep growing. Our Business Contract will help you outline the terms and get you started on the right foot.

    Use the Business Contract document if:

    • Your business plans to buy or sell physical products from another business.
    • Your business will provide a service or receive a service from another business.
    • You are an individual or independent contractor who wants to make a formal business agreement.

    You need more than a handshake. Make sure it’s a done deal with a professional Business Contract. When it’s in writing, it’s easier to prevent miscommunication because the details of your agreement are clearly outlined. A Business Contract also makes it easier to get paid by laying out specific terms around when the project is complete, what must be delivered, and when payment is due. Our Business Contract can be used by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details. If you’re offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.

    Other names for this document:Business Contract Template, Business Contract Agreement

    View Sample

    Sample Business Contract

    More than just a template, our step-by-step interview process makes it easy to create a Business Contract.

    Save, sign, print, and download your document when you are done.





    Business Contract Template – Business Sales Agreement Sample #business #card #templates

    #business contracts

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    How it works

    Business Contract Basics

    Whether you run a business out of your home or a big skyscraper, using written agreements is critical to protect yourself and to keep growing. Our Business Contract will help you outline the terms and get you started on the right foot.

    Use the Business Contract document if:

    • Your business plans to buy or sell physical products from another business.
    • Your business will provide a service or receive a service from another business.
    • You are an individual or independent contractor who wants to make a formal business agreement.

    You need more than a handshake. Make sure it’s a done deal with a professional Business Contract. When it’s in writing, it’s easier to prevent miscommunication because the details of your agreement are clearly outlined. A Business Contract also makes it easier to get paid by laying out specific terms around when the project is complete, what must be delivered, and when payment is due. Our Business Contract can be used by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details. If you’re offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.

    Other names for this document:Business Contract Template, Business Contract Agreement

    View Sample

    Sample Business Contract

    More than just a template, our step-by-step interview process makes it easy to create a Business Contract.

    Save, sign, print, and download your document when you are done.





    Business Contract Template #government #loans

    #business contract

    #

    Business Contract Template

    A Business Contract is an agreement which is made between any two organizations, parties with mutual consent after their decision or agreement to enter in business relationship with one another. This contract is in other words a legal enforceable promise to abide one another for mutual sharing of the profits and losses in accordance with the already decided or signed obligations. The use of the business contract while entering in some new business relationships as it ensures any sort of the damages that may come across while dealing with a new or stranger firm. In case the contract is over ruled, this may result in a lawsuit, or legal act against the person responsible to breach the law.

    The business contracts can be;

    Oral business contracts:

    When the terms and conditions are orally discussed between the two parties and there is no consent in written form. Such contracts are also very effective but on the other hand such cases may misinterpret some legal aspects and also such contracts are difficult to prove in the courts.

    Written business contract:

    Such business contract in which the terms and conditions are laid down in written form with signatures of both the parties is called as written business contract. This is easier to handle and proper record of everything is made on behalf of both the parties.

    Here is preview of this Business Contract Template created using MS Word,

    Essential elements of a Business Contract:

    The essential elements of a successful contract are given as;

    • The name and details of the parties which are willing to enter in this business contract.
    • The date and time of the day when the contract is being signed between the mentioned parties along with the description of the place of contract as well.
    • The nature and complete account of the business activities which will be shared among these two parties. The description should enlist each and every single detail of the mutually shared activities.
    • Any sort of the information or the business knowledge or technology shared between the two, and the status of the confidentiality of that information.
    • The payment clauses between the two parties should be clearly indicated.
    • Any sort of other obligations or terms and conditions which the two parties want each other to oblige.
    • The terms and conditions for the profits and losses along with the relevant calculation formulae.
    • The time period for which the contract will be duly effective between the two organizations.
    • The compensations in case of breach of the contract imposed by one party on the other one.
    • The legal restriction of the business relations and obligatory instructions for the use of these relations within certain limits.
    • The court or jurisdiction to be contacted in case of any lawsuit.

    Use of the Business Contract:

    • This contract is helpful while hiring a vendor, contractor or while reviewing the services and business options.
    • This is used while selling a business.
    • To enter in joint partnerships
    • Important for signing some sort of confidentiality agreements
    • Important for entering in some lending and borrowing needs

    Here is download link for this Business Contract Template,

    Related Word Templates

    • Partnership Contract Template Although everyone wants to handle the business by his own and decide without concerning anyone else, but sooner or later, everyone needs a partner if he wants to improve the business or start a new project. This explains why companies do partnership when they were doing fine before. When two or more partners do a partnership together, they need to sign a legal document to limit the [ ]
    • Labor Contract Template A labor contract which is also called an employment contract is a document that defines the relationship between the employer and employee. This way they both have a clear knowledge of what they are supposed to do and what the other party requires from them. When a company hires an employee, the recruiter assumes some duties or responsibilities that the employee will perform at the job [ ]
    • Sales Contract Template A selling contract is signed for the purpose of sales matters between the purchaser and seller. With the passage of time the need for the selling agreement has been intensively recognized to ensure the standardized terms of trade and for a good investment. The investment on the selling contract prior to entering in the business terms prove to be worthy if anything bad happens later [ ]
    • Confidentiality Contract Template Confidentiality agreement is used by two companies at the commencement of new work therefore it should be in standard written form. It is important to bind all parties to conceal sensitive information from outsiders. Confidentially contract is a clear indication that the information is private and only for the contract parties. This type of contracts are used as incentives to build [ ]
    • Purchase Contract Template This contract is an essential part of a purchasing procedure as it ensures that the buyer receives all the demanded products or services and the seller gets his money on time. Companies as well as individuals purchase a lot of products and goods on regular basis and they need to keep a record of every purchase as it will be useful to claim the delivery or warranty afterwards. Buyers as [ ]
    • Service Contract Template Service Contract is offered on home appliances, electronics, cars and other major appliances, to give you a relief from the hassles of repair. It is just like a purchase of peace of mind with the item whether you make your shopping from a retail store, online store, company outlet or a catalog, service contracts are usually there as an additional convenience. According to an [ ]
    • Tenancy Contract Template A Tenancy Contract is a deal between a landlord and single or more personalities involved in breathing in the assets or performing a trade there. Rental Concords are one of the more ordinary varieties of concord in English by law and, for the reason that they compact with residences and commerce location, one of the more vital. The reason of a tenancy concord is to place the terms and [ ]
    • Rental Contract Template The structure and the layout of the tenancy contract should be unambiguous from the owner’s side and the from the tenant’s side as well. It is compulsory that the both parties should agree on all points of the contract with a nice mutual consensus. An apparent contract contains many things like terms and conditions from both sides clearly mentioned because it will help both sides in [ ]
    • Outsourcing Services Contract Template Outsourcing is a word quite commonly used in the business world owing to its importance. Every employee working in a private or public limited company is familiar with this term. Outsourcing basically means to contract out. Outsourcing has become a widespread practice where companies transfer some part of their work to outside companies that are more competent and specialize in various [ ]
    • Loan Agreement Template You may heard about loan agreements before, a loan is an agreement of borrowing money from the lender and then repay him after a specified time. The loan agreement may be in writing or in oral, the writing loan agreement is fully legal and it binds the borrower in the terms and conditions of loans. Loan agreements may be for persons, companies or group of companies and can have [ ]

    New Word Templates





    McNamara-O-Hara Service Contract Act (SCA) – Wage and Hour Division (WHD) –


    #

    Wage and Hour Division (WHD)

    McNamara-O-Hara Service Contract Act (SCA)

    The McNamara-O Hara Service Contract Act requires contractors and subcontractors performing services on prime contracts in excess of $2,500 to pay service employees in various classes no less than the wage rates and fringe benefits found prevailing in the locality, or the rates (including prospective increases) contained in a predecessor contractor’s collective bargaining agreement. The Department of Labor issues wage determinations on a contract-by-contract basis in response to specific requests from contracting agencies. These determinations are incorporated into the contract.

    For contracts equal to or less than $2,500, contractors are required to pay the federal minimum wage as provided in Section 6(a)(1) of the Fair Labor Standards Act.

    For prime contracts in excess of $100,000, contractors and subcontractors must also, under the provisions of the Contract Work Hours and Safety Standards Act, as amended, pay laborers and mechanics, including guards and watchmen, at least one and one-half times their regular rate of pay for all hours worked over 40 in a workweek. The overtime provisions of the Fair Labor Standards Act may also apply to SCA-covered contracts.

    The Wage and Hour Division has issued a final rule to implement Executive Order 13495, Nondisplacement of Qualified Workers Under Service Contracts. This final rule will be effective once the Federal Acquisition Regulatory Council (FARC) issues regulations for the inclusion of the nondisplacement contract clause in covered Federal solicitations and contracts, as required by the Executive Order. For more information, please visit the Nondisplacement Final Rule Webpage. (August 29, 2011)

    • Fact Sheet 39 Outside Sales Employees Under the Fair Labor Standards Act (PDF)
      • Fact Sheet 17a ?>

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    The objective of the project is to make a mobile primarily based group action maintenance system wherever the Employee will mark the group action on his automaton mobile that is updated within the server via GPRS.

    Many organizations have their own canteen or facility on contract to produce food/meal at economical value for his or her staff. historically, the apply followed is distributing manual written coupon to staff at a postpaid value. but this technique demands additional supplying in printing, distributing coupons and furthermore maintaining the account of every employee’s claim. [ ]

    Visitor Management Systems is cost effective and dependable Visitor Management application that helps an organization to manage and track visitors at the entry/exit gate and at the premises. This system cannot just improve the entry process, but also enhance the site security and manage the details for effectively. The application is suited for screening [ ]

    Contract Labor will be marked IN either by Thumb/RFID or through Barcode according to his shift. Also he may swipe more than once but first swipe will be collected as IN Swipe and Last swipe will be taken as OUT. According to IN and OUT swipes actual working hours will be calculated. This system will [ ]

    Time Attendance Management Software with advanced features like Organization chart, detailed Employee records management, Leaves management, Attendance management, Shift Scheduling along with extensive Reports Charts. It is a PHP based Web software that be installed on company intranet or web servers. It can work in both Windows Linux Environment This will help them [ ]

    Student information management system for a large number of school work and the development of business process management software, mainly for school student information management, the overall task is to achieve a systematic relationship between student information, scientific, standardized and automated, whose main task is all kinds of information for students using a computer for [ ]

    Payroll Software is an application which works on .Net (Dot Net) technology. This software is used by organizations for processing salaries of their employees. Salaries of the employees can be edited and reset using the payroll software. Users have mainly two options namely admin and employees. Employees can view their salary details with the help [ ]


    Business Contract Template – Business Sales Agreement Sample #business #stationery

    #business contracts

    #

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    Business Contract Basics

    Whether you run a business out of your home or a big skyscraper, using written agreements is critical to protect yourself and to keep growing. Our Business Contract will help you outline the terms and get you started on the right foot.

    Use the Business Contract document if:

    • Your business plans to buy or sell physical products from another business.
    • Your business will provide a service or receive a service from another business.
    • You are an individual or independent contractor who wants to make a formal business agreement.

    You need more than a handshake. Make sure it’s a done deal with a professional Business Contract. When it’s in writing, it’s easier to prevent miscommunication because the details of your agreement are clearly outlined. A Business Contract also makes it easier to get paid by laying out specific terms around when the project is complete, what must be delivered, and when payment is due. Our Business Contract can be used by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details. If you’re offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.

    Other names for this document:Business Contract Template, Business Contract Agreement

    View Sample

    Sample Business Contract

    More than just a template, our step-by-step interview process makes it easy to create a Business Contract.

    Save, sign, print, and download your document when you are done.





    Contract Provisions Checklist #start #business

    #business contract

    #

    Contract Provisions Checklist

    By: Leilani Costa Chris Brodman

    Entering into a new contract is an exciting time for any company. The agreement is signed with the hope that it will grow the business and result in a long, mutually beneficial relationship with the other side. While such optimism is warranted, the importance of entering into a legally sound contract is critical to the protection of your business.

    Contract Provisions Checklist

    Principal terms, such as pricing, delivery of the particular good or service, and payment terms, are essential. These terms likely will be discussed and resolved during the initial negotiation stage. However, there are also difficult issues that need to be negotiated into the agreement in the event the contract does not perform as expected.

    Negotiating the “what ifs” or the pitfalls if the contract goes bad are best addressed at the outset, when the parties are eager to reach an agreement and goodwill is at its highest. Ensuring that the company is adequately protected in the contract can be just as important as securing the contract in the first place. A good contract may not only assist the company in successfully resolving a dispute before it hits the courtroom, but it can also protect the company should litigation ensue. Here are eight contractual provisions that any company should consider in order to reduce the threat and impact of litigation:

    1) Indemnification

    In its simplest terms, indemnification is a method of risk allocation and shifts liability from one party onto another. An indemnification clause in a contract can help ensure that the company is not liable for particular losses and/or not liable for damages to a third party. Indemnification comes in many forms, but at its core, indemnification is a method to shift liability away from the company.

    2) Limitation of Liability

    This provision limits the types of claims that can be recoverable under a contract. It may also limit a party’s liability to a fixed monetary amount.

    3) Insurance

    Depending on the type of contract, insurance may play a factor. The company should consider requesting that the other side add the company as an additional insured under an applicable policy of insurance. In contrast, the other side may request that it be added to your insurance policy. Be sure to check with an insurance broker or other professional when adding another company as an additional insured.

    4) Termination Provisions

    The termination clause or clauses in a contract should guide the parties on how to legally exit the contract. Often times, termination provisions are given short shrift or ignored entirely. However, the company should proactively and creatively think about potential disputes that can arise under the agreement as a written contract can specifically limit the circumstances under which a party can legally terminate the agreement. Dealing with termination issues at the outset can help avoid headaches down the road.

    5) Automatic Renewal

    Automatic renewal provisions (or evergreen clauses) provide that a contract automatically renews for a certain period of time unless a party cancels the contract before the automatic renewal date. Evergreen clauses are enforceable in most states. When entering into a contract that contains an evergreen clause, be sure to calendar the cancellation date in order to avoid having a contract renewed unexpectedly.

    6) Default Provisions

    There are many ways that a party can default under a contract. The most common reason is failure to pay. Contracts should provide disincentives that discourage a party from defaulting, such as, making the defaulting party responsible for the payment of attorney’s fees and costs, interest, and collection costs incurred by the non-defaulting party to secure performance under the contract.

    7) Entire Agreement Clause

    Also known as a merger or integration clause, an entire agreement provision declares that the written contract represents the complete and final agreement between the parties. In other words, the written contract supersedes any prior written or oral agreements that the contracting parties might have had before signing the contract. This type of contractual provision can stop either party from claiming that there were other promises and terms of the agreement that are not written into the contract.

    8) Dispute Resolution

    The parties should address how disputes will be resolved under the contract, whether by mediation, arbitration, or through litigation. Addressing how disputes will be handled in the written contract can help lower the costs of litigation and mandate where and how disputes will be resolved.

    While a good contract can propel a company to new heights, a bad contract can be a long-term burden for the business. The contract provisions checklist above are just a sampling of any number of provisions that should be contemplated when entering into a written agreement. It is important to remember that each contract and transaction is unique and the above provisions may or may not apply depending on the circumstance.

    Written by Leilani Costa

    Leilani Costa, CPA, JD, represents individuals, businesses and business owners. She concentrates her practice in the areas of corporate transactions, healthcare law and entity formation and liquidation.

    Like it? Share it!

    Holly Magister is the founder of ExitPromise where she helps entrepreneurs start, grow, and in some cases sell or transfer their businesses to new owners. As a Certified Financial Planner and CPA, Holly built ExitPromise.com to bring more than three decades of business experience, learning and know-how to the 28 million small business owners across America. Continue Reading.





    Business Contract Template – Business Sales Agreement Sample #small #business #websites

    #business contracts

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    How it works

    Business Contract Basics

    Whether you run a business out of your home or a big skyscraper, using written agreements is critical to protect yourself and to keep growing. Our Business Contract will help you outline the terms and get you started on the right foot.

    Use the Business Contract document if:

    • Your business plans to buy or sell physical products from another business.
    • Your business will provide a service or receive a service from another business.
    • You are an individual or independent contractor who wants to make a formal business agreement.

    You need more than a handshake. Make sure it’s a done deal with a professional Business Contract. When it’s in writing, it’s easier to prevent miscommunication because the details of your agreement are clearly outlined. A Business Contract also makes it easier to get paid by laying out specific terms around when the project is complete, what must be delivered, and when payment is due. Our Business Contract can be used by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details. If you’re offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.

    Other names for this document:Business Contract Template, Business Contract Agreement

    View Sample

    Sample Business Contract

    More than just a template, our step-by-step interview process makes it easy to create a Business Contract.

    Save, sign, print, and download your document when you are done.





    Martha C #attorney, #lawyer, #partner, #lawsuit, #divorce, #dispute, #complaint, #corporation, #partnership, #business


    #

    Certified Specialist in Tax Law. Arizona Board of Legal Specialization

    Martha Patrick is a peer review rated AV Preeminent attorney who has been recognized by The Best Lawyers in America in the field of Tax Law every year since 2008. Martha was named 2014 and 2016 “Lawyer of the Year” in Phoenix for Tax Controversy and Litigation, a prestigious honor as only one attorney in each metropolitan market is named in represented practice areas. In addition, Martha has been selected as a Southwest Super Lawyer from 2007-2016 and as one of Arizona s Finest Lawyers since the program began in 2011.

    Martha joined Burch Cracchiolo in 1987 after nine years as a senior trial attorney in the Office of Chief Counsel of the Phoenix and San Diego Districts of the Internal Revenue Service, handling both criminal and civil tax controversies. She also worked closely with the Criminal Investigation Division of the IRS, providing advice and legal representation in criminal tax investigations.

    Martha is Certified as a Tax Specialist by the State Bar of Arizona. Her practice deals exclusively with tax controversies, handling both civil and criminal matters. Drawing on her experience with the IRS and her first-hand knowledge of its practices and procedures, as well as over 25 years of experience serving clients in private practice, Martha represents taxpayers involved in civil and criminal tax controversies before the Internal Revenue Service, the Arizona Department of Revenue and other taxing agencies, from the inception of a tax audit, the administrative appeal and litigation before the United States Tax Court, the United States District Court, the Arizona Tax Court, and the federal and state courts of appeal. She also represents clients in tax collection matters, negotiating installment payment agreements, offers in compromise, voluntary disclosure and amnesty matters, and seizure and forfeiture actions. Martha has considerable experience handling levy enforcement and lien matters, currency violations and all forms of civil and criminal tax investigations.

    Honors Awards

    Selected, Best Lawyers in America, 2014, 2016, Lawyer of the Year, Phoenix, Tax Controversy

    Selected, Best Lawyers in America
    Tax Law 2008-2017 editions

    Selected, Southwest Super Lawyers
    Tax Law 2007-2017

    Selected, Arizona s Finest Lawyers 2011-2017

    Selected, Arizona Business Magazine Top Lawyers, Tax, 2014-2016

    Top 25 Women Attorneys, Southwest Super Lawyers, 2013-2014, 2017

    Selected, Arizona Business Magazine 2016-2017 Top 100 Attorneys in Arizona

    Ranked AV Preeminent 5.0 out of 5* in Martindale Hubbell*

    *AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc. used in accordance with the Martindale-Hubbell certification procedures, standards and policies.

    Representative Engagements

    Achieved dismissal of two criminal cases after referral by IRS to Department of Justice (a significant achievement in light of the considerable review that occurs prior to referral)
    Assisted numerous clients in voluntary disclosure and amnesty programs related to both offshore and domestic issues
    Represents restaurant owners, sports figures, business owners and entrepreneurs in all phases of civil and criminal cases arising from tax matters.
    Represents potential witnesses and targets before Grand Jury in criminal tax cases
    Represents taxpayers in obtaining innocent spouse status in connection with tax liabilities arising from joint tax returns for both domestic and offshore matters
    Represents businesses with employment tax challenges involving assessment and collection issues
    Represents individuals in connection with proposed assessment of trust fund recovery penalties resulting from underpaid employment taxes
    Represents taxpayers in civil and criminal forfeiture actions resulting from currency violations

    Other Relevant Employment

    Prior to joining Burch Cracchiolo, Martha was a senior trial attorney with the Internal Revenue Service, working for nine years in the San Diego and Phoenix District Counsel offices on both criminal and civil matters.

    Professional Leadership

    Former member, Executive Committee, Tax Law Advisory Commission, State Bar of Arizona

    Professional Affiliations


    How to Write a Business Contract #business #courses #online

    #business contract

    #

    How to Write a Business Contract

    Entering into a contractual business relationship with another party is a serious task and should only be entered into after giving real thought about the relationship you want. Don’t fall into the trap of entering into agreements haphazardly or with complete trust of the other party. Even if it’s a family member (some would argue especially if it’s a family member), the business contract should protect your own business interests first and to do so you’ll need to familiarize yourself with some guidelines on how to write a business contract.

    Generally, you will want to keep two things in mind when entering or writing a business contract:

    • Does the agreement address all of the possible situations which may arise. It’s also good to have contingency plans.
    • Do the provisions leave too much room for ambiguity? Contract disputes often arise over unclear terms or provisions.

    Read below for tips on writing business contracts for your small business.

    1. Get it in Writing

    Anytime you enter into a business contract, you want written proof of the agreement as well as specific terms by which each party is bound. Oral agreements do occur in the small business context, but such agreements are difficult to enforce and people’s memories can be faulty and terms easily misremembered or misinterpreted. The first lesson in How to Write a Business Contract 101 is to always get it in writing .

    2. Use Language You Can Understand

    There’s no need to be intimidated by a false sense that a business contract has to be written in legalese. The best contracts, particularly in the small business context, are written in plain English where both parties know exactly what they’re signing and what the provisions mean. Just be sure that the terms you write are specific as to each party’s obligations and the specific remedies that you have in the event that the other party violates the agreement. Also, keep in mind that certain terms have specific meaning in the law .

    The easiest way to write a contract is to number and label each paragraph and only include that topic in the paragraph. By segmenting the contract into individual units, it will be more easily understood by the parties (and by a court should it come to that).

    The rights and obligations of each party should be laid out in specific language that leaves little room for interpretation. If you want delivery on the 15th of each month, use the specific number instead of writing, mid-month . If you and the other party agree to a new term or decide to change an existing term in the agreement, be sure to add a written amendment to the contract rather than relying on an oral agreement. A court may or may not accept the oral agreement as part of the contract.

    4. Include Payment Details

    It’s important to specify how payments are to be made. If you want to pay half up front and the other half in equal installments during the life of the contract, state that, as well as the terms under which you will release payment. For example if you contract with someone to paint your business offices, you might want a provision stating that your regular payments are contingent upon a certain number of rooms being painted to your satisfaction. Whenever possible, list dates, requirements and methods of payment (cash, check, credit). Contract disputes often center on money, so you’ll want to be as specific as possible.

    5. Consider Confidentiality

    Often when entering a business contract, the other party will gain access and insight into your business practices and possible trade secrets. If you do not want the other party sharing this information, you should include a clause that binds the other party from disclosing your business information or information included in the contract to other parties.

    6. Include Language on How to Terminate the Contract

    Contracts aren’t meant to last forever. If one party continually misses payments or fails to perform their duties, you want to have a mechanism in place so that you can (relatively) easily terminate the contract. It could be a mutual termination agreement (when the objectives of each side have been met through the contract) or more likely an agreement that either side can terminate if the other side violates a major term of the contract, after giving proper notice of its intent to terminate.

    7. Consider State Laws Governing the Contract

    Contracts can stipulate which state’s laws will govern in the event there’s a dispute. If the other party is located in another state, you should include a clause that states which state laws will govern. If you don’t, and there’s a dispute, there may be a whole other legal argument (which costs more money) about which state’s laws should be applied to the contract. Avoid this headache and agree to it at the inception of the contract, when both parties are agreeable.

    8. Include Remedies and Attorneys’ Fees

    Especially if you believe that it’s more likely that you’ll sue over the contract (as opposed to the other party suing you), you might want to include a clause that awards attorneys’ fees to the winning party. Without this clause, each party will have to pay for their own attorneys.

    9. Consider a Mediation and Arbitration Clause

    In the event of a dispute, it may be advantageous to include a provision that requires the parties enter either mediation or arbitration. or both. Mediation is a voluntary process where both parties try to work out their issues directly, with the help of a neutral third party mediator. Any settlement must be approved by both parties. Arbitration is a more adversarial process where the arbitrator hears both sides’ arguments and makes a decision that both parties must abide by. It’s akin to a trial setting, but the arbitration process is much quicker and cheaper than litigating in court.

    10. Consider the Help of a Legal Professional

    Writing a business contract that protects your interests while balancing your business objectives is critical to your business’ success. Learning how to write a business contract is the first step on the road to success. But while you should get acquainted with the legal terms and processes for writing a contract, sometimes it’s best to have an attorney review your contract before it takes on the force of law. Find a business and commercial law attorney near you for assistance.





    Chesterfield Traffic Attorney #personal #injury, #automobile #accidents, #tractor #trailer #accidents, #wrongful #deaths,


    #

    Attorney Profile

    Thomas L. Gordon, Partner

    • Meadowbrook High School, Class of 1973
    • North Carolina State University, Bachelor of Science in sociology and criminal justice, 1976
    • T.C Williams School of Law, University of Richmond, Juris Doctor, 1979
    • Licensed as an Attorney and Counsellor at Law in the Commonwealth of Virginia in 1980
    • Member, Virginia State Bar Association (Family Law Section)
    • Member, Richmond Criminal Bar Association
    • Member, Chesterfield/Colonial Heights Bar Association

    Randy B. Rowlett, Partner

    • Matoaca High School, Class of 1980
    • College of William and Mary, Bachelor of Arts 1984
    • College of William and Mary, Marshall-Wythe School of Law, Juris Doctor, 1993
    • Licensed as an Attorney and Counsellor at Law in the Commonwealth of Virginia in 1993
    • President-Elect of the Chesterfield/Colonial Heights Bar Association
    • Member, Virginia State Bar Association (Criminal Law Section)
    • Assistant Commonwealth’s Attorney, Chesterfield Commonwealth’s Attorney’s Office, 1992-98
    • Teacher and Coach, Meadowbrook High School, 1984-90
    • Instructor, Criminal Law, University of Richmond since 1995
    • Instructor, Legal Writing and Research, J Sergeant Reynolds Commiunity College, 1992 – 1998
    • Instructor, Criminal Law, Criminal Procedure Evidence for the Chesterfield Co Police Academy
    • Adjunct Faculty at University of Richmond
    • Undergraduate School of Arts Sciences – teaches Criminal Law
    • TC Williams School of Law – teaches Lawyering Skills
    • Past President of Chesterfield Bar Association

    David S. Clements, Associate

    • Lloyd C. Bird High School, Class of 1990
    • Longwood College, graduated in 1994 (B.S. Degree in Political Science with a Pre-law Concentration )
    • University of Richmond, T.C. Williams School of Law, graduated in 1999. (J.D.)
    • Associate, Gordon, Dodson and Gordon
    • Associate, Jay Tronfeld and Associates
    • Intern, Chesterfield County Commonwealth’s Attorney Office
    • Licensed as an Attorney and Counselor at Law in the Commonwealth of Virginia in 1999.
    • Virginia State Bar Association (General Practice Section)

    Donald E. Gulledge, Associate

    • Meadowbrook High School, Class of 1975
    • Virginia Commonwealth University, B.S. Business Administration and Management, 1983
    • T.C Williams School of Law, University of Richmond, Juris Doctor, 2001
    • Licensed as an Attorney and Counsellor at Law in the Commonwealth of Virginia in 2001
    • Qualified as guardian ad litem for children, 2001
    • Admitted U.S. District Court and U.S. Bankruptcy Court for the Eastern District of Virginia,2003
    • Admitted U.S Court of Appeals for the Fourth Circuit, 2003
    • Member, Virginia State Bar Association
    • Member, Chesterfield/Colonial Heights Bar Association
    • Vice President, Sure Way Transportation Co. Inc. 1995-1998
      Operations, Great Costal Express, Inc. 1981 – 1995

    Ryan T. Spetz, Associate

    • Graduate of Mary Washington College in 1997
    • Graduate of University of Richmond Law School 2007
    • Clerked for Judge Powell of the Chesterfield Circuit Court, 2007-2008
    • Associate at Gordon, Dodson, Gordon Rowlett since 2008
    • Practice areas include criminal defense, domestic relations, Guardian ad litem for children, workers’ compensation,and social security

    Matthew T. Mikula, Associate

    • Trinity Episcopal School, Class of 2000
    • Virginia Military Institute, Bachelor of Arts, English & The Fine Arts, With Distinction 2004
    • College of William and Mary, Marshall-Wythe School of Law, Juris Doctor, 2010
    • Licensed as an Attorney at Law in the Commonwealth of Virginia in 2011
    • Admitted to the United States Eastern District Courts, 2012
    • Admitted to the United States Western District Courts, 2012
    • Law Clerk to The Honorable Herbert C. Gill, Jr. Chesterfield County Circuit Court Judge, 2010-2011
    • Intern, Chesterfield Commonwealth Attorney’s Office, 2008
    • Member, Richmond Bar Association
    • Member, Chesterfield County Bar Association
    • Director, VMI Club of Richmond
    • Graduate of Auburn University, Bachelor of Arts 2008
    • Graduate of Cumberland School of Law, Samford University 2011
    • Licensed as an Attorney and Counsellor at Law in the Commonwealth of Virginia
    • Licensed as an Attorney and Counsellor at Law in the State of Alabama
    • Attorney, BrownGreer, 2013
    • Consultant, Avery Educate, LLC, since 2012
    • Legal Intern, United States Senate, November-January 2012
    • Judicial Aid, Judge Butch Binford, Alabama Circuit Court, June-August 2010
    • Data Analyst, RASBO, Inc. May-August 2011
    • Intern, Office of the District Attorney, Circuit 20, May-July 2007
    • Member, Alabama State Bar
    • Member, Virginia State Bar
    • Matoaca High School, Class of 2004
    • University of Virginia, Bachelor of Arts in Economics, 2008
    • Campbell University, Juris Doctor, 2014
    • Licensed as an Attorney at Law in the Commonwealth of Virginia in 2014
    • Intern, North & Associates, 2014
    • Intern, The Law Offices of John T. Orcutt, 2014
    • Intern, Gordon, Dodson, Gordon & Rowlett, 2013
    • Intern, Everett Gaskins Hancock, LLP, 2013
    • Intern, Office of the Attorney General of Virginia, Medicaid and Social Services Division, 2012
    • Research Assistant, Campbell University, 2012
    • Senior Associate Paralegal and Appellate Consultant, The Lex Group, 2008-2011
    • Member, Virginia State Bar


    Oil & Gas Contract Management: Principles & Practices #ene021, #ene021-c, #ene021-t, #ene021-w,


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    How to Write a Business Contract #writing #business #plan

    #business contract

    #

    How to Write a Business Contract

    Entering into a contractual business relationship with another party is a serious task and should only be entered into after giving real thought about the relationship you want. Don’t fall into the trap of entering into agreements haphazardly or with complete trust of the other party. Even if it’s a family member (some would argue especially if it’s a family member), the business contract should protect your own business interests first and to do so you’ll need to familiarize yourself with some guidelines on how to write a business contract.

    Generally, you will want to keep two things in mind when entering or writing a business contract:

    • Does the agreement address all of the possible situations which may arise. It’s also good to have contingency plans.
    • Do the provisions leave too much room for ambiguity? Contract disputes often arise over unclear terms or provisions.

    Read below for tips on writing business contracts for your small business.

    1. Get it in Writing

    Anytime you enter into a business contract, you want written proof of the agreement as well as specific terms by which each party is bound. Oral agreements do occur in the small business context, but such agreements are difficult to enforce and people’s memories can be faulty and terms easily misremembered or misinterpreted. The first lesson in How to Write a Business Contract 101 is to always get it in writing .

    2. Use Language You Can Understand

    There’s no need to be intimidated by a false sense that a business contract has to be written in legalese. The best contracts, particularly in the small business context, are written in plain English where both parties know exactly what they’re signing and what the provisions mean. Just be sure that the terms you write are specific as to each party’s obligations and the specific remedies that you have in the event that the other party violates the agreement. Also, keep in mind that certain terms have specific meaning in the law .

    The easiest way to write a contract is to number and label each paragraph and only include that topic in the paragraph. By segmenting the contract into individual units, it will be more easily understood by the parties (and by a court should it come to that).

    The rights and obligations of each party should be laid out in specific language that leaves little room for interpretation. If you want delivery on the 15th of each month, use the specific number instead of writing, mid-month . If you and the other party agree to a new term or decide to change an existing term in the agreement, be sure to add a written amendment to the contract rather than relying on an oral agreement. A court may or may not accept the oral agreement as part of the contract.

    4. Include Payment Details

    It’s important to specify how payments are to be made. If you want to pay half up front and the other half in equal installments during the life of the contract, state that, as well as the terms under which you will release payment. For example if you contract with someone to paint your business offices, you might want a provision stating that your regular payments are contingent upon a certain number of rooms being painted to your satisfaction. Whenever possible, list dates, requirements and methods of payment (cash, check, credit). Contract disputes often center on money, so you’ll want to be as specific as possible.

    5. Consider Confidentiality

    Often when entering a business contract, the other party will gain access and insight into your business practices and possible trade secrets. If you do not want the other party sharing this information, you should include a clause that binds the other party from disclosing your business information or information included in the contract to other parties.

    6. Include Language on How to Terminate the Contract

    Contracts aren’t meant to last forever. If one party continually misses payments or fails to perform their duties, you want to have a mechanism in place so that you can (relatively) easily terminate the contract. It could be a mutual termination agreement (when the objectives of each side have been met through the contract) or more likely an agreement that either side can terminate if the other side violates a major term of the contract, after giving proper notice of its intent to terminate.

    7. Consider State Laws Governing the Contract

    Contracts can stipulate which state’s laws will govern in the event there’s a dispute. If the other party is located in another state, you should include a clause that states which state laws will govern. If you don’t, and there’s a dispute, there may be a whole other legal argument (which costs more money) about which state’s laws should be applied to the contract. Avoid this headache and agree to it at the inception of the contract, when both parties are agreeable.

    8. Include Remedies and Attorneys’ Fees

    Especially if you believe that it’s more likely that you’ll sue over the contract (as opposed to the other party suing you), you might want to include a clause that awards attorneys’ fees to the winning party. Without this clause, each party will have to pay for their own attorneys.

    9. Consider a Mediation and Arbitration Clause

    In the event of a dispute, it may be advantageous to include a provision that requires the parties enter either mediation or arbitration. or both. Mediation is a voluntary process where both parties try to work out their issues directly, with the help of a neutral third party mediator. Any settlement must be approved by both parties. Arbitration is a more adversarial process where the arbitrator hears both sides’ arguments and makes a decision that both parties must abide by. It’s akin to a trial setting, but the arbitration process is much quicker and cheaper than litigating in court.

    10. Consider the Help of a Legal Professional

    Writing a business contract that protects your interests while balancing your business objectives is critical to your business’ success. Learning how to write a business contract is the first step on the road to success. But while you should get acquainted with the legal terms and processes for writing a contract, sometimes it’s best to have an attorney review your contract before it takes on the force of law. Find a business and commercial law attorney near you for assistance.





    Contract Provisions Checklist #business #names

    #business contract

    #

    Contract Provisions Checklist

    By: Leilani Costa Chris Brodman

    Entering into a new contract is an exciting time for any company. The agreement is signed with the hope that it will grow the business and result in a long, mutually beneficial relationship with the other side. While such optimism is warranted, the importance of entering into a legally sound contract is critical to the protection of your business.

    Contract Provisions Checklist

    Principal terms, such as pricing, delivery of the particular good or service, and payment terms, are essential. These terms likely will be discussed and resolved during the initial negotiation stage. However, there are also difficult issues that need to be negotiated into the agreement in the event the contract does not perform as expected.

    Negotiating the “what ifs” or the pitfalls if the contract goes bad are best addressed at the outset, when the parties are eager to reach an agreement and goodwill is at its highest. Ensuring that the company is adequately protected in the contract can be just as important as securing the contract in the first place. A good contract may not only assist the company in successfully resolving a dispute before it hits the courtroom, but it can also protect the company should litigation ensue. Here are eight contractual provisions that any company should consider in order to reduce the threat and impact of litigation:

    1) Indemnification

    In its simplest terms, indemnification is a method of risk allocation and shifts liability from one party onto another. An indemnification clause in a contract can help ensure that the company is not liable for particular losses and/or not liable for damages to a third party. Indemnification comes in many forms, but at its core, indemnification is a method to shift liability away from the company.

    2) Limitation of Liability

    This provision limits the types of claims that can be recoverable under a contract. It may also limit a party’s liability to a fixed monetary amount.

    3) Insurance

    Depending on the type of contract, insurance may play a factor. The company should consider requesting that the other side add the company as an additional insured under an applicable policy of insurance. In contrast, the other side may request that it be added to your insurance policy. Be sure to check with an insurance broker or other professional when adding another company as an additional insured.

    4) Termination Provisions

    The termination clause or clauses in a contract should guide the parties on how to legally exit the contract. Often times, termination provisions are given short shrift or ignored entirely. However, the company should proactively and creatively think about potential disputes that can arise under the agreement as a written contract can specifically limit the circumstances under which a party can legally terminate the agreement. Dealing with termination issues at the outset can help avoid headaches down the road.

    5) Automatic Renewal

    Automatic renewal provisions (or evergreen clauses) provide that a contract automatically renews for a certain period of time unless a party cancels the contract before the automatic renewal date. Evergreen clauses are enforceable in most states. When entering into a contract that contains an evergreen clause, be sure to calendar the cancellation date in order to avoid having a contract renewed unexpectedly.

    6) Default Provisions

    There are many ways that a party can default under a contract. The most common reason is failure to pay. Contracts should provide disincentives that discourage a party from defaulting, such as, making the defaulting party responsible for the payment of attorney’s fees and costs, interest, and collection costs incurred by the non-defaulting party to secure performance under the contract.

    7) Entire Agreement Clause

    Also known as a merger or integration clause, an entire agreement provision declares that the written contract represents the complete and final agreement between the parties. In other words, the written contract supersedes any prior written or oral agreements that the contracting parties might have had before signing the contract. This type of contractual provision can stop either party from claiming that there were other promises and terms of the agreement that are not written into the contract.

    8) Dispute Resolution

    The parties should address how disputes will be resolved under the contract, whether by mediation, arbitration, or through litigation. Addressing how disputes will be handled in the written contract can help lower the costs of litigation and mandate where and how disputes will be resolved.

    While a good contract can propel a company to new heights, a bad contract can be a long-term burden for the business. The contract provisions checklist above are just a sampling of any number of provisions that should be contemplated when entering into a written agreement. It is important to remember that each contract and transaction is unique and the above provisions may or may not apply depending on the circumstance.

    Written by Leilani Costa

    Leilani Costa, CPA, JD, represents individuals, businesses and business owners. She concentrates her practice in the areas of corporate transactions, healthcare law and entity formation and liquidation.

    Like it? Share it!

    Holly Magister is the founder of ExitPromise where she helps entrepreneurs start, grow, and in some cases sell or transfer their businesses to new owners. As a Certified Financial Planner and CPA, Holly built ExitPromise.com to bring more than three decades of business experience, learning and know-how to the 28 million small business owners across America. Continue Reading.





    Project Management Software for Microsoft Outlook #microsoft #contract #management #software, #project #management


    #

    Who uses IPM Project Management Software?

    IPM Project Management Software’s customer base is spread around the world with surging popularity in both the US and Australia. With a growing list of partners who are able to sell, install and provide ongoing support, IPM is available anywhere it is needed.

    IPM users are giving glowing recommendations about this product and you can read what our customers are saying or contact us and we can provide you with a referral to a business in your industry.

    Would you like some more information about IPM Project Management?

    Looking for more info?

    You can download an IPM Brochure from our brochure page.

    Visit the IPM Benefits pages and see how IPM benefits both your company and your project staff .

    If you would like a free demo or ask any questions about IPM then we should probably start by getting in contact with each other. All you have to do is go to our contact page. submit your details and we will get back to you as soon as we can.

    Are you wondering if IPM is right for your industry? No worries just visit our industries pages and you’ll find more information on who IPM was built for and how it could work for you.

    If you are simply interested in how to get started with IPM just click the button below and find out how easy it really is.

    IPM FEATURES

    Contract Control
    Manage contracts faster and easier than ever before

    IPM makes Contract Control easy with better access to project data, quick links to contract information and a streamlined process that optimises the letting of a contract. Learn more about all the IPM Project Management Software Contract control features

    Resource Management
    Make the most out of your resources: Efficiently and Effectively

    IPM enables resources to be people classified as employees, materials or equipment so that you can get the most out of what you have. Data from resource management tools can also be exported to payroll systems once approved. Get detailed information on IPM Project Management Software Resource Management

    Planning Forecasting
    Use IPM to accurately predict and analyse your project data

    IPM gives your business the ability to accurately analyze project data in order to forecast project milestones, cash flow estimates, equipment availability and budget reports. See what Planning and Forecasting tools you could use!

    Document Control
    Create, distribute, track and file documents with ease

    Managing all the documents related to a job can be difficult if you have multiple people all working on separate spread sheets or documents. With IPM you can create, track and store all of the documents relating to your project in the one place. View all the Document Control features right here

    Core Features
    Everything a project manager needs all in the one place

    Instead of relying on disparate systems, IPM lets you operate within a single program framework, promoting ease of use and efficiency, as well as reducing errors from double-entry. Microsoft Dynamics adds the tools you need to track activity with subcontractors, business partners and prospects, and helps to provide a 360-degree view of all interactions within a single solution. Click here if you want to read more about the IPM Core features.


    How to Write a Business Contract #personalized #business #gifts

    #business contract

    #

    How to Write a Business Contract

    Entering into a contractual business relationship with another party is a serious task and should only be entered into after giving real thought about the relationship you want. Don’t fall into the trap of entering into agreements haphazardly or with complete trust of the other party. Even if it’s a family member (some would argue especially if it’s a family member), the business contract should protect your own business interests first and to do so you’ll need to familiarize yourself with some guidelines on how to write a business contract.

    Generally, you will want to keep two things in mind when entering or writing a business contract:

    • Does the agreement address all of the possible situations which may arise. It’s also good to have contingency plans.
    • Do the provisions leave too much room for ambiguity? Contract disputes often arise over unclear terms or provisions.

    Read below for tips on writing business contracts for your small business.

    1. Get it in Writing

    Anytime you enter into a business contract, you want written proof of the agreement as well as specific terms by which each party is bound. Oral agreements do occur in the small business context, but such agreements are difficult to enforce and people’s memories can be faulty and terms easily misremembered or misinterpreted. The first lesson in How to Write a Business Contract 101 is to always get it in writing .

    2. Use Language You Can Understand

    There’s no need to be intimidated by a false sense that a business contract has to be written in legalese. The best contracts, particularly in the small business context, are written in plain English where both parties know exactly what they’re signing and what the provisions mean. Just be sure that the terms you write are specific as to each party’s obligations and the specific remedies that you have in the event that the other party violates the agreement. Also, keep in mind that certain terms have specific meaning in the law .

    The easiest way to write a contract is to number and label each paragraph and only include that topic in the paragraph. By segmenting the contract into individual units, it will be more easily understood by the parties (and by a court should it come to that).

    The rights and obligations of each party should be laid out in specific language that leaves little room for interpretation. If you want delivery on the 15th of each month, use the specific number instead of writing, mid-month . If you and the other party agree to a new term or decide to change an existing term in the agreement, be sure to add a written amendment to the contract rather than relying on an oral agreement. A court may or may not accept the oral agreement as part of the contract.

    4. Include Payment Details

    It’s important to specify how payments are to be made. If you want to pay half up front and the other half in equal installments during the life of the contract, state that, as well as the terms under which you will release payment. For example if you contract with someone to paint your business offices, you might want a provision stating that your regular payments are contingent upon a certain number of rooms being painted to your satisfaction. Whenever possible, list dates, requirements and methods of payment (cash, check, credit). Contract disputes often center on money, so you’ll want to be as specific as possible.

    5. Consider Confidentiality

    Often when entering a business contract, the other party will gain access and insight into your business practices and possible trade secrets. If you do not want the other party sharing this information, you should include a clause that binds the other party from disclosing your business information or information included in the contract to other parties.

    6. Include Language on How to Terminate the Contract

    Contracts aren’t meant to last forever. If one party continually misses payments or fails to perform their duties, you want to have a mechanism in place so that you can (relatively) easily terminate the contract. It could be a mutual termination agreement (when the objectives of each side have been met through the contract) or more likely an agreement that either side can terminate if the other side violates a major term of the contract, after giving proper notice of its intent to terminate.

    7. Consider State Laws Governing the Contract

    Contracts can stipulate which state’s laws will govern in the event there’s a dispute. If the other party is located in another state, you should include a clause that states which state laws will govern. If you don’t, and there’s a dispute, there may be a whole other legal argument (which costs more money) about which state’s laws should be applied to the contract. Avoid this headache and agree to it at the inception of the contract, when both parties are agreeable.

    8. Include Remedies and Attorneys’ Fees

    Especially if you believe that it’s more likely that you’ll sue over the contract (as opposed to the other party suing you), you might want to include a clause that awards attorneys’ fees to the winning party. Without this clause, each party will have to pay for their own attorneys.

    9. Consider a Mediation and Arbitration Clause

    In the event of a dispute, it may be advantageous to include a provision that requires the parties enter either mediation or arbitration. or both. Mediation is a voluntary process where both parties try to work out their issues directly, with the help of a neutral third party mediator. Any settlement must be approved by both parties. Arbitration is a more adversarial process where the arbitrator hears both sides’ arguments and makes a decision that both parties must abide by. It’s akin to a trial setting, but the arbitration process is much quicker and cheaper than litigating in court.

    10. Consider the Help of a Legal Professional

    Writing a business contract that protects your interests while balancing your business objectives is critical to your business’ success. Learning how to write a business contract is the first step on the road to success. But while you should get acquainted with the legal terms and processes for writing a contract, sometimes it’s best to have an attorney review your contract before it takes on the force of law. Find a business and commercial law attorney near you for assistance.





    Contract Provisions Checklist #small #business #startup

    #business contract

    #

    Contract Provisions Checklist

    By: Leilani Costa Chris Brodman

    Entering into a new contract is an exciting time for any company. The agreement is signed with the hope that it will grow the business and result in a long, mutually beneficial relationship with the other side. While such optimism is warranted, the importance of entering into a legally sound contract is critical to the protection of your business.

    Contract Provisions Checklist

    Principal terms, such as pricing, delivery of the particular good or service, and payment terms, are essential. These terms likely will be discussed and resolved during the initial negotiation stage. However, there are also difficult issues that need to be negotiated into the agreement in the event the contract does not perform as expected.

    Negotiating the “what ifs” or the pitfalls if the contract goes bad are best addressed at the outset, when the parties are eager to reach an agreement and goodwill is at its highest. Ensuring that the company is adequately protected in the contract can be just as important as securing the contract in the first place. A good contract may not only assist the company in successfully resolving a dispute before it hits the courtroom, but it can also protect the company should litigation ensue. Here are eight contractual provisions that any company should consider in order to reduce the threat and impact of litigation:

    1) Indemnification

    In its simplest terms, indemnification is a method of risk allocation and shifts liability from one party onto another. An indemnification clause in a contract can help ensure that the company is not liable for particular losses and/or not liable for damages to a third party. Indemnification comes in many forms, but at its core, indemnification is a method to shift liability away from the company.

    2) Limitation of Liability

    This provision limits the types of claims that can be recoverable under a contract. It may also limit a party’s liability to a fixed monetary amount.

    3) Insurance

    Depending on the type of contract, insurance may play a factor. The company should consider requesting that the other side add the company as an additional insured under an applicable policy of insurance. In contrast, the other side may request that it be added to your insurance policy. Be sure to check with an insurance broker or other professional when adding another company as an additional insured.

    4) Termination Provisions

    The termination clause or clauses in a contract should guide the parties on how to legally exit the contract. Often times, termination provisions are given short shrift or ignored entirely. However, the company should proactively and creatively think about potential disputes that can arise under the agreement as a written contract can specifically limit the circumstances under which a party can legally terminate the agreement. Dealing with termination issues at the outset can help avoid headaches down the road.

    5) Automatic Renewal

    Automatic renewal provisions (or evergreen clauses) provide that a contract automatically renews for a certain period of time unless a party cancels the contract before the automatic renewal date. Evergreen clauses are enforceable in most states. When entering into a contract that contains an evergreen clause, be sure to calendar the cancellation date in order to avoid having a contract renewed unexpectedly.

    6) Default Provisions

    There are many ways that a party can default under a contract. The most common reason is failure to pay. Contracts should provide disincentives that discourage a party from defaulting, such as, making the defaulting party responsible for the payment of attorney’s fees and costs, interest, and collection costs incurred by the non-defaulting party to secure performance under the contract.

    7) Entire Agreement Clause

    Also known as a merger or integration clause, an entire agreement provision declares that the written contract represents the complete and final agreement between the parties. In other words, the written contract supersedes any prior written or oral agreements that the contracting parties might have had before signing the contract. This type of contractual provision can stop either party from claiming that there were other promises and terms of the agreement that are not written into the contract.

    8) Dispute Resolution

    The parties should address how disputes will be resolved under the contract, whether by mediation, arbitration, or through litigation. Addressing how disputes will be handled in the written contract can help lower the costs of litigation and mandate where and how disputes will be resolved.

    While a good contract can propel a company to new heights, a bad contract can be a long-term burden for the business. The contract provisions checklist above are just a sampling of any number of provisions that should be contemplated when entering into a written agreement. It is important to remember that each contract and transaction is unique and the above provisions may or may not apply depending on the circumstance.

    Written by Leilani Costa

    Leilani Costa, CPA, JD, represents individuals, businesses and business owners. She concentrates her practice in the areas of corporate transactions, healthcare law and entity formation and liquidation.

    Like it? Share it!

    Holly Magister is the founder of ExitPromise where she helps entrepreneurs start, grow, and in some cases sell or transfer their businesses to new owners. As a Certified Financial Planner and CPA, Holly built ExitPromise.com to bring more than three decades of business experience, learning and know-how to the 28 million small business owners across America. Continue Reading.





    Business Contract Template #business #opportunities

    #business contract

    #

    Business Contract Template

    A Business Contract is an agreement which is made between any two organizations, parties with mutual consent after their decision or agreement to enter in business relationship with one another. This contract is in other words a legal enforceable promise to abide one another for mutual sharing of the profits and losses in accordance with the already decided or signed obligations. The use of the business contract while entering in some new business relationships as it ensures any sort of the damages that may come across while dealing with a new or stranger firm. In case the contract is over ruled, this may result in a lawsuit, or legal act against the person responsible to breach the law.

    The business contracts can be;

    Oral business contracts:

    When the terms and conditions are orally discussed between the two parties and there is no consent in written form. Such contracts are also very effective but on the other hand such cases may misinterpret some legal aspects and also such contracts are difficult to prove in the courts.

    Written business contract:

    Such business contract in which the terms and conditions are laid down in written form with signatures of both the parties is called as written business contract. This is easier to handle and proper record of everything is made on behalf of both the parties.

    Here is preview of this Business Contract Template created using MS Word,

    Essential elements of a Business Contract:

    The essential elements of a successful contract are given as;

    • The name and details of the parties which are willing to enter in this business contract.
    • The date and time of the day when the contract is being signed between the mentioned parties along with the description of the place of contract as well.
    • The nature and complete account of the business activities which will be shared among these two parties. The description should enlist each and every single detail of the mutually shared activities.
    • Any sort of the information or the business knowledge or technology shared between the two, and the status of the confidentiality of that information.
    • The payment clauses between the two parties should be clearly indicated.
    • Any sort of other obligations or terms and conditions which the two parties want each other to oblige.
    • The terms and conditions for the profits and losses along with the relevant calculation formulae.
    • The time period for which the contract will be duly effective between the two organizations.
    • The compensations in case of breach of the contract imposed by one party on the other one.
    • The legal restriction of the business relations and obligatory instructions for the use of these relations within certain limits.
    • The court or jurisdiction to be contacted in case of any lawsuit.

    Use of the Business Contract:

    • This contract is helpful while hiring a vendor, contractor or while reviewing the services and business options.
    • This is used while selling a business.
    • To enter in joint partnerships
    • Important for signing some sort of confidentiality agreements
    • Important for entering in some lending and borrowing needs

    Here is download link for this Business Contract Template,

    Related Word Templates

    • Partnership Contract Template Although everyone wants to handle the business by his own and decide without concerning anyone else, but sooner or later, everyone needs a partner if he wants to improve the business or start a new project. This explains why companies do partnership when they were doing fine before. When two or more partners do a partnership together, they need to sign a legal document to limit the [ ]
    • Labor Contract Template A labor contract which is also called an employment contract is a document that defines the relationship between the employer and employee. This way they both have a clear knowledge of what they are supposed to do and what the other party requires from them. When a company hires an employee, the recruiter assumes some duties or responsibilities that the employee will perform at the job [ ]
    • Sales Contract Template A selling contract is signed for the purpose of sales matters between the purchaser and seller. With the passage of time the need for the selling agreement has been intensively recognized to ensure the standardized terms of trade and for a good investment. The investment on the selling contract prior to entering in the business terms prove to be worthy if anything bad happens later [ ]
    • Confidentiality Contract Template Confidentiality agreement is used by two companies at the commencement of new work therefore it should be in standard written form. It is important to bind all parties to conceal sensitive information from outsiders. Confidentially contract is a clear indication that the information is private and only for the contract parties. This type of contracts are used as incentives to build [ ]
    • Purchase Contract Template This contract is an essential part of a purchasing procedure as it ensures that the buyer receives all the demanded products or services and the seller gets his money on time. Companies as well as individuals purchase a lot of products and goods on regular basis and they need to keep a record of every purchase as it will be useful to claim the delivery or warranty afterwards. Buyers as [ ]
    • Service Contract Template Service Contract is offered on home appliances, electronics, cars and other major appliances, to give you a relief from the hassles of repair. It is just like a purchase of peace of mind with the item whether you make your shopping from a retail store, online store, company outlet or a catalog, service contracts are usually there as an additional convenience. According to an [ ]
    • Tenancy Contract Template A Tenancy Contract is a deal between a landlord and single or more personalities involved in breathing in the assets or performing a trade there. Rental Concords are one of the more ordinary varieties of concord in English by law and, for the reason that they compact with residences and commerce location, one of the more vital. The reason of a tenancy concord is to place the terms and [ ]
    • Rental Contract Template The structure and the layout of the tenancy contract should be unambiguous from the owner’s side and the from the tenant’s side as well. It is compulsory that the both parties should agree on all points of the contract with a nice mutual consensus. An apparent contract contains many things like terms and conditions from both sides clearly mentioned because it will help both sides in [ ]
    • Outsourcing Services Contract Template Outsourcing is a word quite commonly used in the business world owing to its importance. Every employee working in a private or public limited company is familiar with this term. Outsourcing basically means to contract out. Outsourcing has become a widespread practice where companies transfer some part of their work to outside companies that are more competent and specialize in various [ ]
    • Loan Agreement Template You may heard about loan agreements before, a loan is an agreement of borrowing money from the lender and then repay him after a specified time. The loan agreement may be in writing or in oral, the writing loan agreement is fully legal and it binds the borrower in the terms and conditions of loans. Loan agreements may be for persons, companies or group of companies and can have [ ]

    New Word Templates





    Business Contract Template – Business Sales Agreement Sample #home #businesses

    #business contracts

    #

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    Business Contract Basics

    Whether you run a business out of your home or a big skyscraper, using written agreements is critical to protect yourself and to keep growing. Our Business Contract will help you outline the terms and get you started on the right foot.

    Use the Business Contract document if:

    • Your business plans to buy or sell physical products from another business.
    • Your business will provide a service or receive a service from another business.
    • You are an individual or independent contractor who wants to make a formal business agreement.

    You need more than a handshake. Make sure it’s a done deal with a professional Business Contract. When it’s in writing, it’s easier to prevent miscommunication because the details of your agreement are clearly outlined. A Business Contract also makes it easier to get paid by laying out specific terms around when the project is complete, what must be delivered, and when payment is due. Our Business Contract can be used by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details. If you’re offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.

    Other names for this document:Business Contract Template, Business Contract Agreement

    View Sample

    Sample Business Contract

    More than just a template, our step-by-step interview process makes it easy to create a Business Contract.

    Save, sign, print, and download your document when you are done.





    Business Contract Template #business #insurance #quotes

    #business contract

    #

    Business Contract Template

    A Business Contract is an agreement which is made between any two organizations, parties with mutual consent after their decision or agreement to enter in business relationship with one another. This contract is in other words a legal enforceable promise to abide one another for mutual sharing of the profits and losses in accordance with the already decided or signed obligations. The use of the business contract while entering in some new business relationships as it ensures any sort of the damages that may come across while dealing with a new or stranger firm. In case the contract is over ruled, this may result in a lawsuit, or legal act against the person responsible to breach the law.

    The business contracts can be;

    Oral business contracts:

    When the terms and conditions are orally discussed between the two parties and there is no consent in written form. Such contracts are also very effective but on the other hand such cases may misinterpret some legal aspects and also such contracts are difficult to prove in the courts.

    Written business contract:

    Such business contract in which the terms and conditions are laid down in written form with signatures of both the parties is called as written business contract. This is easier to handle and proper record of everything is made on behalf of both the parties.

    Here is preview of this Business Contract Template created using MS Word,

    Essential elements of a Business Contract:

    The essential elements of a successful contract are given as;

    • The name and details of the parties which are willing to enter in this business contract.
    • The date and time of the day when the contract is being signed between the mentioned parties along with the description of the place of contract as well.
    • The nature and complete account of the business activities which will be shared among these two parties. The description should enlist each and every single detail of the mutually shared activities.
    • Any sort of the information or the business knowledge or technology shared between the two, and the status of the confidentiality of that information.
    • The payment clauses between the two parties should be clearly indicated.
    • Any sort of other obligations or terms and conditions which the two parties want each other to oblige.
    • The terms and conditions for the profits and losses along with the relevant calculation formulae.
    • The time period for which the contract will be duly effective between the two organizations.
    • The compensations in case of breach of the contract imposed by one party on the other one.
    • The legal restriction of the business relations and obligatory instructions for the use of these relations within certain limits.
    • The court or jurisdiction to be contacted in case of any lawsuit.

    Use of the Business Contract:

    • This contract is helpful while hiring a vendor, contractor or while reviewing the services and business options.
    • This is used while selling a business.
    • To enter in joint partnerships
    • Important for signing some sort of confidentiality agreements
    • Important for entering in some lending and borrowing needs

    Here is download link for this Business Contract Template,

    Related Word Templates

    • Partnership Contract Template Although everyone wants to handle the business by his own and decide without concerning anyone else, but sooner or later, everyone needs a partner if he wants to improve the business or start a new project. This explains why companies do partnership when they were doing fine before. When two or more partners do a partnership together, they need to sign a legal document to limit the [ ]
    • Labor Contract Template A labor contract which is also called an employment contract is a document that defines the relationship between the employer and employee. This way they both have a clear knowledge of what they are supposed to do and what the other party requires from them. When a company hires an employee, the recruiter assumes some duties or responsibilities that the employee will perform at the job [ ]
    • Sales Contract Template A selling contract is signed for the purpose of sales matters between the purchaser and seller. With the passage of time the need for the selling agreement has been intensively recognized to ensure the standardized terms of trade and for a good investment. The investment on the selling contract prior to entering in the business terms prove to be worthy if anything bad happens later [ ]
    • Confidentiality Contract Template Confidentiality agreement is used by two companies at the commencement of new work therefore it should be in standard written form. It is important to bind all parties to conceal sensitive information from outsiders. Confidentially contract is a clear indication that the information is private and only for the contract parties. This type of contracts are used as incentives to build [ ]
    • Purchase Contract Template This contract is an essential part of a purchasing procedure as it ensures that the buyer receives all the demanded products or services and the seller gets his money on time. Companies as well as individuals purchase a lot of products and goods on regular basis and they need to keep a record of every purchase as it will be useful to claim the delivery or warranty afterwards. Buyers as [ ]
    • Service Contract Template Service Contract is offered on home appliances, electronics, cars and other major appliances, to give you a relief from the hassles of repair. It is just like a purchase of peace of mind with the item whether you make your shopping from a retail store, online store, company outlet or a catalog, service contracts are usually there as an additional convenience. According to an [ ]
    • Tenancy Contract Template A Tenancy Contract is a deal between a landlord and single or more personalities involved in breathing in the assets or performing a trade there. Rental Concords are one of the more ordinary varieties of concord in English by law and, for the reason that they compact with residences and commerce location, one of the more vital. The reason of a tenancy concord is to place the terms and [ ]
    • Rental Contract Template The structure and the layout of the tenancy contract should be unambiguous from the owner’s side and the from the tenant’s side as well. It is compulsory that the both parties should agree on all points of the contract with a nice mutual consensus. An apparent contract contains many things like terms and conditions from both sides clearly mentioned because it will help both sides in [ ]
    • Outsourcing Services Contract Template Outsourcing is a word quite commonly used in the business world owing to its importance. Every employee working in a private or public limited company is familiar with this term. Outsourcing basically means to contract out. Outsourcing has become a widespread practice where companies transfer some part of their work to outside companies that are more competent and specialize in various [ ]
    • Loan Agreement Template You may heard about loan agreements before, a loan is an agreement of borrowing money from the lender and then repay him after a specified time. The loan agreement may be in writing or in oral, the writing loan agreement is fully legal and it binds the borrower in the terms and conditions of loans. Loan agreements may be for persons, companies or group of companies and can have [ ]

    New Word Templates





    How to Write a Business Contract #what #business #to #start

    #business contract

    #

    How to Write a Business Contract

    Entering into a contractual business relationship with another party is a serious task and should only be entered into after giving real thought about the relationship you want. Don’t fall into the trap of entering into agreements haphazardly or with complete trust of the other party. Even if it’s a family member (some would argue especially if it’s a family member), the business contract should protect your own business interests first and to do so you’ll need to familiarize yourself with some guidelines on how to write a business contract.

    Generally, you will want to keep two things in mind when entering or writing a business contract:

    • Does the agreement address all of the possible situations which may arise. It’s also good to have contingency plans.
    • Do the provisions leave too much room for ambiguity? Contract disputes often arise over unclear terms or provisions.

    Read below for tips on writing business contracts for your small business.

    1. Get it in Writing

    Anytime you enter into a business contract, you want written proof of the agreement as well as specific terms by which each party is bound. Oral agreements do occur in the small business context, but such agreements are difficult to enforce and people’s memories can be faulty and terms easily misremembered or misinterpreted. The first lesson in How to Write a Business Contract 101 is to always get it in writing .

    2. Use Language You Can Understand

    There’s no need to be intimidated by a false sense that a business contract has to be written in legalese. The best contracts, particularly in the small business context, are written in plain English where both parties know exactly what they’re signing and what the provisions mean. Just be sure that the terms you write are specific as to each party’s obligations and the specific remedies that you have in the event that the other party violates the agreement. Also, keep in mind that certain terms have specific meaning in the law .

    The easiest way to write a contract is to number and label each paragraph and only include that topic in the paragraph. By segmenting the contract into individual units, it will be more easily understood by the parties (and by a court should it come to that).

    The rights and obligations of each party should be laid out in specific language that leaves little room for interpretation. If you want delivery on the 15th of each month, use the specific number instead of writing, mid-month . If you and the other party agree to a new term or decide to change an existing term in the agreement, be sure to add a written amendment to the contract rather than relying on an oral agreement. A court may or may not accept the oral agreement as part of the contract.

    4. Include Payment Details

    It’s important to specify how payments are to be made. If you want to pay half up front and the other half in equal installments during the life of the contract, state that, as well as the terms under which you will release payment. For example if you contract with someone to paint your business offices, you might want a provision stating that your regular payments are contingent upon a certain number of rooms being painted to your satisfaction. Whenever possible, list dates, requirements and methods of payment (cash, check, credit). Contract disputes often center on money, so you’ll want to be as specific as possible.

    5. Consider Confidentiality

    Often when entering a business contract, the other party will gain access and insight into your business practices and possible trade secrets. If you do not want the other party sharing this information, you should include a clause that binds the other party from disclosing your business information or information included in the contract to other parties.

    6. Include Language on How to Terminate the Contract

    Contracts aren’t meant to last forever. If one party continually misses payments or fails to perform their duties, you want to have a mechanism in place so that you can (relatively) easily terminate the contract. It could be a mutual termination agreement (when the objectives of each side have been met through the contract) or more likely an agreement that either side can terminate if the other side violates a major term of the contract, after giving proper notice of its intent to terminate.

    7. Consider State Laws Governing the Contract

    Contracts can stipulate which state’s laws will govern in the event there’s a dispute. If the other party is located in another state, you should include a clause that states which state laws will govern. If you don’t, and there’s a dispute, there may be a whole other legal argument (which costs more money) about which state’s laws should be applied to the contract. Avoid this headache and agree to it at the inception of the contract, when both parties are agreeable.

    8. Include Remedies and Attorneys’ Fees

    Especially if you believe that it’s more likely that you’ll sue over the contract (as opposed to the other party suing you), you might want to include a clause that awards attorneys’ fees to the winning party. Without this clause, each party will have to pay for their own attorneys.

    9. Consider a Mediation and Arbitration Clause

    In the event of a dispute, it may be advantageous to include a provision that requires the parties enter either mediation or arbitration. or both. Mediation is a voluntary process where both parties try to work out their issues directly, with the help of a neutral third party mediator. Any settlement must be approved by both parties. Arbitration is a more adversarial process where the arbitrator hears both sides’ arguments and makes a decision that both parties must abide by. It’s akin to a trial setting, but the arbitration process is much quicker and cheaper than litigating in court.

    10. Consider the Help of a Legal Professional

    Writing a business contract that protects your interests while balancing your business objectives is critical to your business’ success. Learning how to write a business contract is the first step on the road to success. But while you should get acquainted with the legal terms and processes for writing a contract, sometimes it’s best to have an attorney review your contract before it takes on the force of law. Find a business and commercial law attorney near you for assistance.





    Business Contract Template #harvard #business #publishing

    #business contract

    #

    Business Contract Template

    A Business Contract is an agreement which is made between any two organizations, parties with mutual consent after their decision or agreement to enter in business relationship with one another. This contract is in other words a legal enforceable promise to abide one another for mutual sharing of the profits and losses in accordance with the already decided or signed obligations. The use of the business contract while entering in some new business relationships as it ensures any sort of the damages that may come across while dealing with a new or stranger firm. In case the contract is over ruled, this may result in a lawsuit, or legal act against the person responsible to breach the law.

    The business contracts can be;

    Oral business contracts:

    When the terms and conditions are orally discussed between the two parties and there is no consent in written form. Such contracts are also very effective but on the other hand such cases may misinterpret some legal aspects and also such contracts are difficult to prove in the courts.

    Written business contract:

    Such business contract in which the terms and conditions are laid down in written form with signatures of both the parties is called as written business contract. This is easier to handle and proper record of everything is made on behalf of both the parties.

    Here is preview of this Business Contract Template created using MS Word,

    Essential elements of a Business Contract:

    The essential elements of a successful contract are given as;

    • The name and details of the parties which are willing to enter in this business contract.
    • The date and time of the day when the contract is being signed between the mentioned parties along with the description of the place of contract as well.
    • The nature and complete account of the business activities which will be shared among these two parties. The description should enlist each and every single detail of the mutually shared activities.
    • Any sort of the information or the business knowledge or technology shared between the two, and the status of the confidentiality of that information.
    • The payment clauses between the two parties should be clearly indicated.
    • Any sort of other obligations or terms and conditions which the two parties want each other to oblige.
    • The terms and conditions for the profits and losses along with the relevant calculation formulae.
    • The time period for which the contract will be duly effective between the two organizations.
    • The compensations in case of breach of the contract imposed by one party on the other one.
    • The legal restriction of the business relations and obligatory instructions for the use of these relations within certain limits.
    • The court or jurisdiction to be contacted in case of any lawsuit.

    Use of the Business Contract:

    • This contract is helpful while hiring a vendor, contractor or while reviewing the services and business options.
    • This is used while selling a business.
    • To enter in joint partnerships
    • Important for signing some sort of confidentiality agreements
    • Important for entering in some lending and borrowing needs

    Here is download link for this Business Contract Template,

    Related Word Templates

    • Partnership Contract Template Although everyone wants to handle the business by his own and decide without concerning anyone else, but sooner or later, everyone needs a partner if he wants to improve the business or start a new project. This explains why companies do partnership when they were doing fine before. When two or more partners do a partnership together, they need to sign a legal document to limit the [ ]
    • Labor Contract Template A labor contract which is also called an employment contract is a document that defines the relationship between the employer and employee. This way they both have a clear knowledge of what they are supposed to do and what the other party requires from them. When a company hires an employee, the recruiter assumes some duties or responsibilities that the employee will perform at the job [ ]
    • Sales Contract Template A selling contract is signed for the purpose of sales matters between the purchaser and seller. With the passage of time the need for the selling agreement has been intensively recognized to ensure the standardized terms of trade and for a good investment. The investment on the selling contract prior to entering in the business terms prove to be worthy if anything bad happens later [ ]
    • Confidentiality Contract Template Confidentiality agreement is used by two companies at the commencement of new work therefore it should be in standard written form. It is important to bind all parties to conceal sensitive information from outsiders. Confidentially contract is a clear indication that the information is private and only for the contract parties. This type of contracts are used as incentives to build [ ]
    • Purchase Contract Template This contract is an essential part of a purchasing procedure as it ensures that the buyer receives all the demanded products or services and the seller gets his money on time. Companies as well as individuals purchase a lot of products and goods on regular basis and they need to keep a record of every purchase as it will be useful to claim the delivery or warranty afterwards. Buyers as [ ]
    • Service Contract Template Service Contract is offered on home appliances, electronics, cars and other major appliances, to give you a relief from the hassles of repair. It is just like a purchase of peace of mind with the item whether you make your shopping from a retail store, online store, company outlet or a catalog, service contracts are usually there as an additional convenience. According to an [ ]
    • Tenancy Contract Template A Tenancy Contract is a deal between a landlord and single or more personalities involved in breathing in the assets or performing a trade there. Rental Concords are one of the more ordinary varieties of concord in English by law and, for the reason that they compact with residences and commerce location, one of the more vital. The reason of a tenancy concord is to place the terms and [ ]
    • Rental Contract Template The structure and the layout of the tenancy contract should be unambiguous from the owner’s side and the from the tenant’s side as well. It is compulsory that the both parties should agree on all points of the contract with a nice mutual consensus. An apparent contract contains many things like terms and conditions from both sides clearly mentioned because it will help both sides in [ ]
    • Outsourcing Services Contract Template Outsourcing is a word quite commonly used in the business world owing to its importance. Every employee working in a private or public limited company is familiar with this term. Outsourcing basically means to contract out. Outsourcing has become a widespread practice where companies transfer some part of their work to outside companies that are more competent and specialize in various [ ]
    • Loan Agreement Template You may heard about loan agreements before, a loan is an agreement of borrowing money from the lender and then repay him after a specified time. The loan agreement may be in writing or in oral, the writing loan agreement is fully legal and it binds the borrower in the terms and conditions of loans. Loan agreements may be for persons, companies or group of companies and can have [ ]

    New Word Templates





    Business Contract Template – Business Sales Agreement Sample #business #economics

    #business contracts

    #

    You are using an unsupported version of Internet Explorer
    In order to continue using our website, please upgrade your browser by clicking here.

    Popular Documents

    Rocket Lawyer US

    We are here to help

    Family
    Finance
    Other
    Business Organization
    Business Operations
    Business Property

    We are here to help

    Use Rocketlawyer as:

    Make your Free
    Business Contract

    How it works

    Business Contract Basics

    Whether you run a business out of your home or a big skyscraper, using written agreements is critical to protect yourself and to keep growing. Our Business Contract will help you outline the terms and get you started on the right foot.

    Use the Business Contract document if:

    • Your business plans to buy or sell physical products from another business.
    • Your business will provide a service or receive a service from another business.
    • You are an individual or independent contractor who wants to make a formal business agreement.

    You need more than a handshake. Make sure it’s a done deal with a professional Business Contract. When it’s in writing, it’s easier to prevent miscommunication because the details of your agreement are clearly outlined. A Business Contract also makes it easier to get paid by laying out specific terms around when the project is complete, what must be delivered, and when payment is due. Our Business Contract can be used by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details. If you’re offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.

    Other names for this document:Business Contract Template, Business Contract Agreement

    View Sample

    Sample Business Contract

    More than just a template, our step-by-step interview process makes it easy to create a Business Contract.

    Save, sign, print, and download your document when you are done.





    Business Contract Template – Business Sales Agreement Sample #best #business

    #business contracts

    #

    You are using an unsupported version of Internet Explorer
    In order to continue using our website, please upgrade your browser by clicking here.

    Popular Documents

    Rocket Lawyer US

    We are here to help

    Family
    Finance
    Other
    Business Organization
    Business Operations
    Business Property

    We are here to help

    Use Rocketlawyer as:

    Make your Free
    Business Contract

    How it works

    Business Contract Basics

    Whether you run a business out of your home or a big skyscraper, using written agreements is critical to protect yourself and to keep growing. Our Business Contract will help you outline the terms and get you started on the right foot.

    Use the Business Contract document if:

    • Your business plans to buy or sell physical products from another business.
    • Your business will provide a service or receive a service from another business.
    • You are an individual or independent contractor who wants to make a formal business agreement.

    You need more than a handshake. Make sure it’s a done deal with a professional Business Contract. When it’s in writing, it’s easier to prevent miscommunication because the details of your agreement are clearly outlined. A Business Contract also makes it easier to get paid by laying out specific terms around when the project is complete, what must be delivered, and when payment is due. Our Business Contract can be used by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details. If you’re offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.

    Other names for this document:Business Contract Template, Business Contract Agreement

    View Sample

    Sample Business Contract

    More than just a template, our step-by-step interview process makes it easy to create a Business Contract.

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    How to Write a Business Contract

    Entering into a contractual business relationship with another party is a serious task and should only be entered into after giving real thought about the relationship you want. Don’t fall into the trap of entering into agreements haphazardly or with complete trust of the other party. Even if it’s a family member (some would argue especially if it’s a family member), the business contract should protect your own business interests first and to do so you’ll need to familiarize yourself with some guidelines on how to write a business contract.

    Generally, you will want to keep two things in mind when entering or writing a business contract:

    • Does the agreement address all of the possible situations which may arise. It’s also good to have contingency plans.
    • Do the provisions leave too much room for ambiguity? Contract disputes often arise over unclear terms or provisions.

    Read below for tips on writing business contracts for your small business.

    1. Get it in Writing

    Anytime you enter into a business contract, you want written proof of the agreement as well as specific terms by which each party is bound. Oral agreements do occur in the small business context, but such agreements are difficult to enforce and people’s memories can be faulty and terms easily misremembered or misinterpreted. The first lesson in How to Write a Business Contract 101 is to always get it in writing .

    2. Use Language You Can Understand

    There’s no need to be intimidated by a false sense that a business contract has to be written in legalese. The best contracts, particularly in the small business context, are written in plain English where both parties know exactly what they’re signing and what the provisions mean. Just be sure that the terms you write are specific as to each party’s obligations and the specific remedies that you have in the event that the other party violates the agreement. Also, keep in mind that certain terms have specific meaning in the law .

    The easiest way to write a contract is to number and label each paragraph and only include that topic in the paragraph. By segmenting the contract into individual units, it will be more easily understood by the parties (and by a court should it come to that).

    The rights and obligations of each party should be laid out in specific language that leaves little room for interpretation. If you want delivery on the 15th of each month, use the specific number instead of writing, mid-month . If you and the other party agree to a new term or decide to change an existing term in the agreement, be sure to add a written amendment to the contract rather than relying on an oral agreement. A court may or may not accept the oral agreement as part of the contract.

    4. Include Payment Details

    It’s important to specify how payments are to be made. If you want to pay half up front and the other half in equal installments during the life of the contract, state that, as well as the terms under which you will release payment. For example if you contract with someone to paint your business offices, you might want a provision stating that your regular payments are contingent upon a certain number of rooms being painted to your satisfaction. Whenever possible, list dates, requirements and methods of payment (cash, check, credit). Contract disputes often center on money, so you’ll want to be as specific as possible.

    5. Consider Confidentiality

    Often when entering a business contract, the other party will gain access and insight into your business practices and possible trade secrets. If you do not want the other party sharing this information, you should include a clause that binds the other party from disclosing your business information or information included in the contract to other parties.

    6. Include Language on How to Terminate the Contract

    Contracts aren’t meant to last forever. If one party continually misses payments or fails to perform their duties, you want to have a mechanism in place so that you can (relatively) easily terminate the contract. It could be a mutual termination agreement (when the objectives of each side have been met through the contract) or more likely an agreement that either side can terminate if the other side violates a major term of the contract, after giving proper notice of its intent to terminate.

    7. Consider State Laws Governing the Contract

    Contracts can stipulate which state’s laws will govern in the event there’s a dispute. If the other party is located in another state, you should include a clause that states which state laws will govern. If you don’t, and there’s a dispute, there may be a whole other legal argument (which costs more money) about which state’s laws should be applied to the contract. Avoid this headache and agree to it at the inception of the contract, when both parties are agreeable.

    8. Include Remedies and Attorneys’ Fees

    Especially if you believe that it’s more likely that you’ll sue over the contract (as opposed to the other party suing you), you might want to include a clause that awards attorneys’ fees to the winning party. Without this clause, each party will have to pay for their own attorneys.

    9. Consider a Mediation and Arbitration Clause

    In the event of a dispute, it may be advantageous to include a provision that requires the parties enter either mediation or arbitration. or both. Mediation is a voluntary process where both parties try to work out their issues directly, with the help of a neutral third party mediator. Any settlement must be approved by both parties. Arbitration is a more adversarial process where the arbitrator hears both sides’ arguments and makes a decision that both parties must abide by. It’s akin to a trial setting, but the arbitration process is much quicker and cheaper than litigating in court.

    10. Consider the Help of a Legal Professional

    Writing a business contract that protects your interests while balancing your business objectives is critical to your business’ success. Learning how to write a business contract is the first step on the road to success. But while you should get acquainted with the legal terms and processes for writing a contract, sometimes it’s best to have an attorney review your contract before it takes on the force of law. Find a business and commercial law attorney near you for assistance.