Writing a Contract Agreement [business]

Posted: July 15, 2010 in Business
Tags: , ,

One of the critical instruments in any transaction, whether between a vendor and a customer, an employer and employee or even two private parties, is the basic contract agreement. For some business owners however, the basic contract agreement isn’t so basic.

Some feel that using a contract is an unnecessary inconvenience. Some feel it could actually cause them to lose an account or agreement. Others fear committing themselves to a poorly written contract or one that is not legally accurate.

When you get down to the heart of it, a contract is simply “an agreement or understanding between two or more entities to perform services.” It provides, above all else, communication and clarity of accountabilities for the parties involved. It establishes a basis for trusting that each will carry out the terms of the agreement. [read]

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