How to Make Business Contracts

Contracts are a part of doing business. Large corporations pay attorneys large amount of money to draw of voluminous documents to protect their interests. However, small companies and independent contractors often need to put their business agreements down on paper to make sure everyone is on the same page. There are certain key areas that need to be covered in a business contract to make is effective and legal.

Suggestions

1. Write in the name of the businesses or individuals entering into a contract. Always write the full name so there is no doubt of who is involved in the contract. Anyone involved in the contract, business names and the date of the contract should all be included in the first part of the contract.
2. Write an explanation of the contract agreement. This is the information about what each business or individual is doing in the contract. For example, the contract might state that one business will provide a specific item for the other business for a specific time period or a specific number and the other business will pay a set price or a price per unit.
3.  Cover legal bases by adding in terms and conditions. These are the phrases which show what will happen if one party breaks the contract, such as charging fees or damages. Consider every potential worst case of what might happen and write terms and conditions to cover the potential problems. Include a time frame for the other party to answer to prevent having an open contract for an undetermined time period.
4. Provide a space for signatures and witness signatures. This is usually on the last page of the contract. Witnesses should not be anyone who has an interest in the contract.
5. Give a copy of the contract to the other party to look over. The other party will either agree and set up a time to sign the original document, disagree with some portions and try bargaining or reject the offer. Work out the details until both parties agree and then sign the contract.

______________________

Custom Office Supplies

Office Memo Pad (Red)

Office Memo Pad (Bright Yellow)

Weekly To Do List Notepad (White)

Iridescent Pearl Finish Business Card Template

Eggshell (Textured) Business Card

French Linen Business Card Template (White)

Real Estate Agent Business Card (White Linen)

Sorry, there are no results.

Weekly Planner Notepad (White)

Weekly To Do List Notepad (White)

Phone Message Pad