A business entering into a contract can a request an opinion letter from the other business' attorney, certifying that the main parts of the contract are legally enforceable. In the opinion letter, the attorney assures the other business that the contract is specific enough to be enforceable in ...
Before diving into your first contract draft, reflect on how this particular agreement can add value to the business, and what the agreement needs (and more importantly, doesn’t need) to achieve this. Opt for brevity over length The next contract drafting tip comes from Ken Adams, contract...
Before terminating an independent contractor agreement, it's crucial to ensure that the termination process complies with legal requirements. Some key legal considerations include: Contract Review –Thoroughly review the independent contractor agreement to understand the termination clauses, notice period, an...
How to write a loan agreement contract. When youwrite a contractor an agreement for a loan, you set expectations with the other party, leaving nothing for interpretation. The document serves as legal proof that money was borrowed, a plan has been created for returning it, and specifies what ...
Be sure to include full names of everyone to be bound by the contract; this is to ensure that everyone involved is held legally responsible for their part in the agreement. Rights & Obligations Contracts exist to preserve an agreement, to set it in stone so that we actually perform what we...
However, you need an agreement in place to outline your goals and, in return, the compensation investors can expect. Learn how to write an investor agreement and help secure the funds you need to move forward confidently, then speak with a legal professional to execute the contract accordingly...
An employment contract, more commonly referred to as an offer letter is a legally binding agreement which can be created verbally or in writing. During all stages of interaction with a candidate or employee, you may be verbally implying pieces of an empl
When a breach of contract occurs, the parties can try to come to an agreement on how to handle the breach. For example, the dealer could offer a free oil change in exchange for the inconvenience of delivering the car late. The parties can also go to court. Depending on the amount of ...
When you take out a personal loan from a traditional lender like a bank, the lender will supply the contract. If you're lending to or borrowing from friends and family, you might need to write your own personal loan agreement. If there's only a small amount of money involved, a simple...
How to draw up an airtight contract: Follow these 12 tips for an agreement that smooths over any problems that may arise.This article presents suggestions to freelance authors about writing contracts in order to avoid disputes with clients. One suggestion recommends that the contract give a ...