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scope creep
Contracts
October 16, 20230Comments

Identifying and preventing scope creep in contract management

Signing a contract is just the beginning. After that, you’ll need to execute the contract and all of the little details contained therein. Sometimes, during this process, scope creep enters

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verbal contracts
Contracts
October 12, 20230Comments

What are verbal contracts and when to use them

There are situations in which you and another party come to a verbal agreement about services to be rendered. Often, it’s because time is of the essence and there’s no

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essential sales contracts
Contracts
October 9, 20230Comments

6 Essential Sales Contracts you should be using

Whether you realize it or not, the world revolves around sales. You have to sell an idea to your spouse, your partners, and potential clients. Some of those sales agreements

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Force majeure clause
Contracts
October 5, 20230Comments

What is a Force Majeure clause + when to use it

Oftentimes, we’re at the mercy of forces outside of our control. This happens in our business and personal lives. That’s where the Force Majeure clause comes into play to protect

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fixed-price contract
Contracts
October 2, 20230Comments

Fixed-price contract: Definition, use cases, & how to use

There are countless types of contracts. Some of them favor one party over the other like in an adhesion contract. One party has little power. In other contracts, the cost

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Cost reimbursement contract
Contracts
September 28, 20230Comments

The comprehensive guide to cost reimbursement contracts

There are many situations in which a service provider or a seller will need to incur costs on behalf of a buyer. Not just buyers and sellers, this may occur

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Contract law
Contracts
September 25, 20230Comments

Contract law fundamentals: What you need to know and do

Contracts make the world go round and contract law is what makes those contracts work. If you want to ensure your contracts are impeccable, valid, and offer the right protections

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Consideration clause
Contracts
September 21, 20230Comments

What is a consideration clause? + Samples

To make a valid contract, you’ll need multiple elements. If one or more of those elements are missing then a contract may be considered unenforceable or will need to be

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asset purchase agreement
Contracts
September 18, 20230Comments

Asset purchase agreement: Definition + Key elements

There are many ways to structure a deal when you’re buying a business or part of a business. Oftentimes, especially in smaller deals, you’ll be creating what’s known as an

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