A Business Contract is a legally binding document between Company and an Individual or group of individuals or a Company represented by its authorised representative that defines and covers the obligations of the parties to an agreement. A Business Contract is legally enforceable and protects the injured party from the defaulting party in case of a breach of the Agreement.
The execution of Corporate/Business agreements is essential to protect the interest of the transacting parties as it reduces the risk associate in business tractions. A Corporate/Business agreement records the terms and condition according to which the parties involved will perform their role and responsibilities. A business contract typically involves the exchange of goods, services, money or promise of any of those.
Contracts are widely used to secure a business transaction and forms the legal foundation for transactions across the world. Common business contracts includes
Advantages of a Business Agreement