Though the specifics of each contract will differ when drafting a contract, it must include a few key pieces of information to be valid and legally binding. First, every contract must include capable parties; someone who is mentally incapacitated or a minor cannot legally sign a contract. Then, the document must include: Offer Acceptance Consideration …
A franchise agreement is a legally binding contract between a franchisor, the owner of a business or brand, and a franchisee, who buys the right to operate a business using the franchisor’s name and business model. In exchange for the right to use the franchisor’s intellectual property, the franchisee pays an initial franchise fee as …
How To Write A Franchise Agreement Some Tips To Consider Read More »
A written non-disclosure agreement, commonly known as an NDA, is a legal contract that prohibits parties from disclosing confidentiality agreements unless explicitly authorized. An NDA identifies private information and limits its distribution both within and outside of your organization. Non-disclosure agreements are frequently used in business with employees, vendors, customers, investors, and other third parties. …
A lease is a transfer of occupancy rights over the property for an agreed-upon time term and monetary amount. It is vital to emphasize that in a lease, the property’s ownership does not transfer. The Transfer of Property Act (1882) governs the transfer of immovable property. Essentials of drafting Leases Agreements Key Drafting Points A …
