Small businesses frequently enter into contracts with customers for the sale of products or services, with vendors for the supply of goods and with employees. Contracts must contain seven key elements ...

A sales contract records a transaction between a buyer and seller for legal purposes and record-keeping. Contracts can be written out, but any buyer who pays for a product or service on the spot ...

A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...