A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Breach of contract on sales of goods can only occur if the sale involves a legally binding purchase contract between a buyer and a seller. Purchase agreements can be absolute or conditional, meaning ...

A checklist of strategies and tips for effectively drafting commercial contracts, including guidance on how to effectively plan the contract drafting process, select the proper form of contract, and ...

A legal document between parties that clearly spells out just what is expected and required of each party Relationships between businesses and consumers are controlled by contracts, either verbal or ...

A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...

Understanding contracts is essential for directors and managers who aim to foster strong business relationships and ensure smooth operations within their community. Contracts, by definition, are ...

Learn what an employment contract includes and the advantages and limitations of using one.

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Beware the fine print is the oft-repeated expression heard in almost any deal or contract negotiation. It’s good advice that too often is ignored in daily life and job situations—especially among ...