Are Your Small Business Contracts Valid?
by CB on Mar.05, 2010, under Managing Your Business
SmallBusinessNewz published a great video explaining the factors that must be included in any valid contract.
The contract documents an agreement between two parties, usually you and your customer or you and your vendor. Contracts serve the important function of defining who does what in the relationship. For example, you build a Web site for XYZ Company, and XYZ Company pays you for that Web site.
Your contracts should include these elements:
- Identification of the parties to the contract
- Mutual consent between or among the parties of the contract
- Definition of the actions being agreed upon
- Consideration (what you get for what you do)
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March 5th, 2010 on 8:45 pm
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