| Businesses enter into several arrangements and | | | | management agreement - This agreement is |
| deals in the conduct of their affairs. Their lawyers | | | | made when the company rents or leases an |
| see to it that these business agreements are | | | | office building, an apartment or a storage building |
| comprehensive, properly planned and protective. | | | | as depot.o Partnership Agreement - An |
| A well-drafted and executed contract is important | | | | agreement made by business partners specifying |
| in business operations. | | | | the amount of contributions each member has, |
| Here are some of the common business | | | | the percentage of each member in the profit, and |
| contracts that companies enter into:o Employee | | | | the terms of division. |
| agreements - This contains the | | | | There are several other agreements that a |
| employer-employee contract agreement, which | | | | business can involve itself across the span of its |
| also includes the job offered and descriptions, the | | | | operations. Business agreements and contracts |
| responsibility of the job, salary and benefits, and | | | | may be advantageous to business as it can |
| the status of the job whether it is "at will", or | | | | increase profit, earn respect and multiply |
| not.o Confidentiality and Invention Assignment | | | | prospects. But bad contracts can be disastrous |
| agreement - This agreement ensures that | | | | and could sometimes cause the downfall of |
| business strategies, ideas, and other work product | | | | business. |
| developed by the employee will be kept | | | | To make better contracts, the following tips may |
| confidential and will remain as company property | | | | be helpful:o Make a clearly written contract spelling |
| even when the employee leaves or terminates his | | | | out the responsibilities of each party.o Make sure |
| contract.o Services contract - This agreement | | | | that all key statements and representations are |
| provides the terms and conditions under which a | | | | explained. Avoid omissions and incomplete terms.o |
| service must be rendered and details of the | | | | Study sample contracts to learn the structure and |
| responsibility and liability limitations.o Sales Contract | | | | language used.o Draft a form to suit your needs.o |
| - Gives the price, terms and conditions for the | | | | Write the draft of the contract yourself and |
| sale of goods, equipment and other company | | | | consult the lawyer.o Keep in mind the required |
| products.o Confidentiality and Non-Disclosure | | | | legal terms, clauses, structure and language of the |
| Agreement - This agreement binds the recipient | | | | contract.o Attached an addendum or exhibit in the |
| of an informant to hold information in strict | | | | main contract as basis for specific documents for |
| confidentiality and use it only to evaluate business | | | | different transactionso In the end, include |
| transactions.o Contractor and Consultant | | | | miscellaneous clauses or "boilerplates" to the |
| Agreement - This agreement is made for private | | | | contract. |
| contractors and consultants working on | | | | The goal in drafting a contract is to have a clear |
| short-term basis with the company. This | | | | meaning and understanding of the deal. To |
| agreement contains job description and the limits | | | | achieve this, it is necessary to use language that |
| of their responsibility, including the payment rate | | | | is clear and concise because the key to a good |
| and their period of employment.o Property | | | | business deal is a well-written contract. |