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Category

Contracts

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
by Ndukwu Daniel
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
by Ndukwu Daniel
Indemnification clause
Contracts
September 14, 20230Comments

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
by Ndukwu Daniel
Express contract
Contracts
September 11, 20230Comments

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
by Ndukwu Daniel
confidentiality clause
Contracts
September 7, 20230Comments

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,
by Ndukwu Daniel
adhesion contract
Contracts
September 4, 20230Comments

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
by Ndukwu Daniel
exclusivity clause
Contracts
August 31, 20230Comments

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
by Ndukwu Daniel
valid contract
Contracts
August 28, 20230Comments

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
by Ndukwu Daniel
data disclosure agreement
Contracts
August 24, 20230Comments

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
by Ndukwu Daniel
Change orders
Contracts
August 21, 20230Comments

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
by Ndukwu Daniel
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