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In the course of running a business, there are going to be times when you need to have a contract in place to document any agreements that you make. A Business Contract lays out the specific terms... Read more
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Making a Business Contract
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What is a Business Contract?
In the course of running a business, there are going to be times when you need to have a contract in place to document any agreements that you make. A Business Contract lays out the specific terms for agreements such as when a project will be completed, what products must be delivered, or when payment for products or services are due.
Situations in which you will likely need a contract include:
- Your business plans to buy or sell physical products from another business.
- Your business will provide a service or receive a service from another business.
- You are an individual or independent contractor who wants to make a formal business agreement.
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How do you write a contract agreement?
Rocket Lawyer offers a free business contract template. It can be made, shared, and signed online in just a few minutes.
The two kinds of contracts that can be created with this template are:
- Contract for the sale of products or goods
- Contract for services
A Business Contract can be drafted by the buyer or seller of a product or service. For a product, you can include important details like the date of the order, acceptance and delivery requirements, quantities ordered, warranties, and payment details.
If you're offering or receiving a service, you can use the Business Contract to specify dates of performance, the scope of work, and payment terms.
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What is a contract template?
A contract template is a customizable document that provides the basic framework for you to make a legally binding document. It allows you to input your specific terms and other relevant information to generate a written contract for your business.
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What are the 3 types of contracts?
The three most common types of contracts that come up in the course of running a business include:
- General business contracts
- Sales-related agreements
- Employment contracts
That said, contracts can be made for hundreds of purposes. Check out Rocket Lawyer's library of legal documents and forms to see the range of options available.
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How do I write a contract for services?
The template included on this page contains an option to make a contract for services. If you need further guidance on making business contracts, a Rocket Lawyer On Call® attorney can provide advice specific to your situation.
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