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Contracts

requirements contract
Contracts
November 2, 20230Comments

Requirements Contract: What you need to know + when to use

Business has a lot of unpredictability built in. Sometimes, you have more customers than you know what to do with.At other times, you enter a dry spell and have to
by Ndukwu Daniel
output contract
Contracts
October 30, 20230Comments

Output contract: definition, use cases, and risks

One of the worst things that can happen when you’re producing goods is for your supplier to fail to provide a critical part. This issue can be reduced by creating
by Ndukwu Daniel
Aleatory contract
Contracts
October 26, 20230Comments

Aleatory contract: What it is and how to use it

Not every contractual relationship is built on a definite outcome. Sometimes, a specific event will trigger the obligation of one or more parties. This is known as an aleatory contract
by Ndukwu Daniel
commercial contract
Contracts
October 23, 20230Comments

What is a commercial contract? With examples

Commerce is built on various types of commercial contracts. Some of them are for massive sums and projects while others are relatively small. All of them have similarities that mark
by Ndukwu Daniel
Digital contracting
Contracts
October 19, 20230Comments

Digital contracting explained + why it matters to you

Contracts are the lifeblood of our modern society. You enter into a contract with every website you visit (cookie consent policy), need it at your bank, and even have implied
by Ndukwu Daniel
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
by Ndukwu Daniel
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
by Ndukwu Daniel
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
by Ndukwu Daniel
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
by Ndukwu Daniel
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
by Ndukwu Daniel
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