Generally, humans go through a stage of life where they experience an illusion of invulnerability. We either believe that we are immune from terrible occurrences or that they are so far off in the future they’re not for us to worry about at this moment. We don’t expect for life to go wrong, and because of that, we don’t prepare for when they do.
This is why a lot of people are distraught when they find themselves in a situation with no easy way out. This is also why a lot of young entrepreneurs tend to disregard important legal document matters until absolutely must.
Business Agreement between Two Parties Template
It is absolutely vital for a business to have legal documents to protect them for when life strikes them down. Whether as a cushion to soften its fall or as a tool to fight back, see these Sample Agreements to make sure your business is prepared for when life doesn’t go as planned.
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Transfer of Business Agreement
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Agreements Every Business Needs
Lawyers make a lot of money because in every aspect of our lives, it is better to have legal protection. When dealing with your livelihood, it wouldn’t be wise to go about carelessly. See to it that your business is safe by making sure you have these Business Agreement Contracts.
When in business with others, always make sure all the shareholders are on the same page about the responsibilities, contributions, and ownership percentages. Have a Business Partnership Agreement signed before any money is put out as this serves as a sort of “prenup” for if you decide to part ways.
No business is built by just one person. You may not have full-time employees, but you do have people who helped you set up your office space, design your website, or someone to perform legal and accounting matters for you. When you’re hiring someone to do work for you, see to it that you have the terms of the deal clear and written before any work commences or any money is paid.
Customer and Supplier Agreements
In business, your customers are where your profits come from and the suppliers are used to fulfill your customers’ demands. Make sure you are clear with them about matters like delivery, prices, and the return and exchange policy of items.
These legal agreements may seem like a waste of time at the moment, but being prepared for them will save you a lot from a lot of expenses and headache down the road.
Business Operating Agreement
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Business Development Agreement
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People warn us about going into business with friends as it pretty much ensures that it will ruin your friendship. Of all business types, one that is shared is the most hassle. If you decide to pursue a business venture with a buddy or two, make sure your business agreement has all the necessary clauses to make the deal as clear as possible, especially in the event of dissolution.
If you’re planning on buying out someone’s share or the entirety of a business, also see these Business Purchase Agreements that would come in handy.
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