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.

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 ...

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 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 ...

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 ...

The Commodity Futures Trading Commission’s LabCFTC recently released “A CFTC Primer on Smart Contracts” as part of LabCFTC’s effort to engage with innovators and market participants on a range of ...

Two main versions of contracts that we observe in the modern agriculture in the US are some form of marketing and production contracts, sometimes jointly referred to as the alternative marketing ...