How to Draw up a Business Contract

by Beth Rifkin

0 min read

A business contract is a legally binding document between at least two entities, drafted for a specific purpose. While contracts are best kept as simple as possible, some elements tend to always be included:

  • Parties involved – Include the names and addresses of all the people and/or businesses involved.
  • Scope – This is a clear description of what goods and services will be provided, and by what due dates.
  • Price and payment – This is a description of how much the goods or services cost and the way they will be paid.
  • Responsibilities – Describe which party is responsible for what; include possible events such as missing a deadline.
  • Terms and conditions – Include any special clauses.
  • Signatures – All responsible parties must sign and date the contract.

References & Resources

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