Mister Line Editor
Mister Line Editor
  • Editing Proofreading Services and Prices
  • Editor and Proofreader
  • About Me
  • Blog
  • Children's Books
  • Customer Reviews
  • Contact Me
  • Editing Proofreading Services and Prices
  • Editor and Proofreader
  • About Me
  • Blog
  • Children's Books
  • Customer Reviews
  • Contact Me

How to Fit a Business Contract on One Page

3/29/2018

0 Comments

 
Bert Markgraf reports:

"When you write a business contract the key is to include all the necessary elements to make it binding and legal. You and your contractual partner must indicate that you are in agreement, and both parties have to execute the agreement as described in the contract. Unless there are complicated issues, the elements making up such a contract can fit on a single page...You must identify the parties bound by the contract. For business contracts, you have to specify the legal name of an incorporated business or the registered name of [a sole] proprietorship. If the business is not registered, the owner is contracting under his own name. In addition to business names, it's good practice to add the contact information for each business to indicate where the contractual partners can address formal correspondence affecting the contract...Each contract has a purpose. The contract may be a simple supply contract, where one business sells material to another that needs it. It can also be more complicated, as for a consulting contract where a business is looking for help in achieving a specified result. The part of the one-page contract specifying the purpose describes the current situation and details how the contract will help resolve the issues at hand. This part of the one-page contract can be a single line, or a paragraph of a dozen or so lines...The heart of the contract is an exchange of something that has value in return for a consideration of value. Usually a contract is between a supplier who receives payment, but the contract can also specify a trade or other exchange. The contract has to detail what the partners will exchange, when they will exchange it, and what the consideration in return will be, typically the price. In a separate paragraph, the contract has to indicate what will happen if the exchange doesn't take place as planned. It might say that the contract is void, that the supplier has to pay a penalty, or that the supplier may delay the supply...A contract is only legal if the parties identified in the contract signify that they agree to its terms. Placing the names of the parties at the end of the single page and having authorized representatives of the businesses sign to indicate their agreement makes the contract legally binding. The signatures have three parts. The signature itself has to be handwritten. The date of the signature has to be indicated, and having it handwritten as well supports its authenticity. For business contracts, the title of the person signing is important because the title indicates that the signatory has the authority to sign. This is clear if the title is 'President,' but if the title is that of a low-level employee, you may want to verify with the company that he has signing authority."
0 Comments



Leave a Reply.


    Writing and editing can be pretty rigorous processes if you want to do them well, but that's what this page is here for. Check out the latest tips here.

    Archives

    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Categories

    All

    RSS Feed

    Picture
    J.D. Parsons
    Author
    SEO Writer
    Proofreader
    Editor
    Internet Researcher
Proudly powered by Weebly