Whether you are entering into a relationship with a customer, a vendor or an independent contractor, contracts are a fact of business. You need them because they serve as legally valid agreements protecting your interests. But aren’t contracts laden with legalese? Don’t they have to be blessed by an attorney to ensure their validity? Not always.
Here are some tips for drawing up a legally-valid contract.
Contract Law – How to Create a Legally Binding Contract
Posted by SBA.gov under ManagementFrom http://www.sba.gov 4148 days ago
Made Hot by: Evan Collins on January 6, 2013 5:47 am
Who Voted for this Story
Subscribe
“In the ever-evolving landscape of Search Engine Optimization (SEO),...”
“Rachel: Great to hear! Thanks for your kind words! :)
All the Best,
Martin...”
“Thank you, Martin. That's a fantastic motto... and I couldn't agree more!...”
“Lisa: Good to hear! Thanks for your response....”
“For sure, I know I did years ago when I was working for others....”
Comments
4145 days ago
To Protect yourself by adding contingencies into your contract. Contingencies allow you to cancel a contract if certain conditions are not met. Depending on the type of legal agreements you decide to enter into online, contingencies can be vital to your financial well-being. For example, if you are selling or buying a vehicle, a contingency clause may be that the vehicle must pass a state inspection test before the transaction will be finalized. While contingency clauses may clarify expectations for both parties of a sale, beware of adding too many since they may overwhelm a buyer.