Understanding an indemnification clause and how to use it
There are many agreements that need additional protection. If there is an inherent element of danger or even if you’re in a litigious society, you want to make sure your
Understanding an Express contract and how to use it
There are many types of contracts for you to take advantage of. Some of them offer explicit protections and others are ambiguous. Ideally, you want an express contract because it’s
Confidentiality clause: What it is + samples
In many instances, you don’t want your business dealings and strategies to be available to the general public. This is to keep your competitive advantage when it comes to systems,
Adhesion contract – what it is and how to use it
There are often situations in which the balance of power in a deal is one-sided. This happens more often than you think in our daily lives (for example your banking
Exclusivity Clause: What You Need to Know + Samples
As humans, we like exclusivity. An exclusive event, an exclusive partner for a geographic region, exclusive perks for certain types of customers, and so on. Exclusivity is powerful and there
6 Essential elements of a valid contract
We all know what contracts are because you’ve signed one at some point in your life. With that being said, not everyone knows the nuances of a valid contract. With
Data Disclosure Agreements: Why They’re So Important
Over the last few years, data, especially personal data, has become an important topic. This applies to businesses working together and how businesses handle customer data. Because of the current
Change orders: What they are and how to use them
Throughout the lifecycle of a contract, many things may need to be changed. You may need more supplies, fewer supplies, etc. Instead of breaking off the contract or having a
What are service contracts? Definition, types, & considerations
There are countless situations in which you’ll need someone to provide a service for you or your business. Oftentimes, due to the nature of that service, you’ll want to create
