A contract is a voluntary legal promise or agreement between two or more persons, parties and organizations to carry out actions and things mutually. It is a document to emphasize each party’s duties, rights and obligations. We all daily make contracts in general and business lives to complete various actions. A contract is a blueprint of future activities and functions that may you need to accomplish as a party of valid contract. Leasing a home, apartment, office or any kind of property is a normal routine in everyone’s life, which is a common type of contract. In this state of affairs one party is a landlord and other is tenant. Landlord offers his/her property for leasing purpose and tenant agrees to use the property for same reason in return of specified sum of money as rent and through this way they both are making a legal agreement in shape of contract. That is why when making any kind of deal or agreement to do something, it is important to have a contract.
A valid contract always helps you to get rid of quarrels and misunderstandings while performing your duties according to the terms and conditions of the contract. Contracts are best to prepare because these provide a written document that outlines the full understanding of the business and other relationship and scope of the work, duties and rights so that no one can claim any misunderstandings later on the way. Oral or spoken agreements are very hard to enforce by law and they often times leave you with no compensation or legal action in case of breaching of contract by any other party. They protect all involved parties by damages and other violations. If a party breaches the terms and conditions of a contract, a court might choose to do a number of things and one of them is awarding a specified sum of money to compensate the affected person for their loss which is normally known as damages in contracts. In fact making a contract in written is not only handy in business life but also helpful to make other kind of personal deals like sale of car or property etc.
Making of contracts in daily life is important because they can be used in the legal systems to ensure that all involved parties of the contract are equally compensated for their work, goods or money and are doing their duties with best as per terms and conditions of the contract. They also tell all parties about how to do things in what kind of circumstance and situations to achieve mutual goals. If you are going to make a contract for business or personal purpose, you need to be careful about it and need to use clever writing skills and expertise to do so. Making of a contract for very first time can be a difficult task but one can prepare a faultless contract by getting help from contract templates. Internet is an ideal place to find out and download free contract templates for business and personal purposes.
Whether you want to remodel your entire home, apartment or office, a detailed remodeling contract written between you and the contractor you hire for this purpose is essential before any renovation or remodeling to enjoy a trouble free remodeling. This type of contract is a best tool to establish a pleasant working relationship between a contractor and property owner or landlord. Making of a remodeling contract protects both parties form variety of misunderstandings. A remodeling contract may include name and other details of both parties, nature of the property, criteria or remodeling work, estimated sum of money, required time to accomplish the contract and other terms and conditions about remodeling etc.
A well written remodeling contract with all details is an excellent way to establish the foundation of a good working relationship and environment between you and contractor. It is a professional tool to indicate rights, duties and obligations of involved parties in details. Remodeling contract reduces the amount of risks for both parties involved in the contract. If you are also looking for remodeling of your house or room and wish to write a remodeling contract personally, you should use a remodeling contract template to do this with best. Remodeling contract templates and samples are widely available on internet for free of cost and a user can download appropriate remodeling contract template as per needs from internet.
Do you want a Service Contract Template then you have reached up the right place. When a manufactured product is purchased in addition to warranty period, an additional offer known as service contract is also provided for a fixed period. A service contract provides an additional assurance that the service which you are entitled to receive from the product will be provided in the event of any break down or failure. Service contracts are not completely warranties but are extended warranties. Usually the cost of service is included in the sale price and is offered as complementary to the customer. However, in the case of any repair, damage or accident beyond the purview of service contract, additional cost may have to be incurred to bring the product to its previous form. Service Contract Template is very much important.
With the growth of e-commerce products are sold over the internet without the aid of any specific point of sale outlets. In such a situation to avail service from the manufacturer might seem laborious and time consuming. A service contract defines the location and the process through which service will be rendered by the manufacturer. For example, computer manufacturers produce their products in a single location and sell them worldwide through various retails channels. These manufacturers offer service contracts at distributed domestic locations known as authorized service locations where the computers can be taken for repair or servicing.
Here is free service contract template for your reference purpose
You can get free Commercial Contract Template from here. Any contract which deals with purchasing and sales of goods or services, licensing of technical know-how, copyrights, etc are referred to as commercial contracts. Commercial contracts are entered into for affecting types of Commercial contracts are firm fixed price contracts, fixed price contracts, time and material contracts. In a firm fixed price contract or FFP the cost of the service is predetermined and mutually agreed upon and is not subject to change under any circumstances even if the costs escalate subsequent to entering into the contract. Commercial Contract Template will be very much helpful and useful for you.
The promisee is required to pay only the agreed amount of consideration and nothing more. A time and material contract determines the cost of service taking into account the fixed wages and material costs. In this type of contracts the cost of materials varies from time to time and proves beneficial for contracts involving multiple laborers. A commercial contract helps a business in regulating its business relationships from time to time and ensures that all transactions are predetermined and are enacted in its favor. Contracts which are not properly drafted and are weak will make a business unstable and will result in the organization losing its competitive edge in the market. It is very important all commercial contracts be drawn up professionally and is void of any legal loopholes before they are signed by the parties.
Here is download link to download that commercial contract sample.
Get a Contract Agreement Template free from here in this site. A contract is an agreement between two or more parties to do something or not to do something in return for a valuable consideration. A person cannot enter into a contract with himself. A person should be of legal age, should be of sound mind and should not be declared as insolvent by court of law to enter into any contract. By entering into a contract the parties to the contract agree to voluntarily agree to create one more legal obligation between each other. Contracts can either be in writing or oral or implied through conduct. A person to a contract can sue the other party (ies) in case of breach of any contractual terms in the form of compensation of money, or specific performance or non-performance of the contract. Contract Agreement Template is very much important.
Common examples of contractual agreements are construction contracts, purchase contracts, employment contracts, etc. Consideration for a contract is anything of value which is to be given by the promissor to the promisee in exchange for something of value given by the promisee to the promissor. Consideration should be legal, meaning that it should be anything which is forbidden by law. For example: A agrees to murder B for a sum of few amounts.
Here is download link to download contract agreement
Building a house or an apartment is a very complicated process and ay involves lots of various construction elements like knowledge of architectural designs, different building codes, material and labor cost etc. making of a builder contract is a simple and easy way to get your house or apartment built in a trouble free manner without any extra load of work. Building contract is a contract prepared and signed between builder and client to indicate rights and duties of both parties with terms and conditions of the contract. It is a best way to protect both parties form any disagreement during the building or construction process. A builder contract helps you a lot to let your clients know what to expect from you and what you want from them in return.
Complete details about both involved parties should be there on top of your contract while making a builder contract. Builder contract may include other details like scope of work need to be done, work schedules and processes, specified sum of money and time in which work need to be done etc. if you are going to write a builder contract very first time, you are advised to use a well made builder contract template with all necessary spaces and fields to finish a building contract in best and easy way.
Joint Venture Contract Template is of much help for you. A joint venture is a business agreement in which two parties join together for a finite time to develop a business or to complete a specific assignment while sharing all the costs, gains and losses in predetermined proportion. A new entity is created with fresh infusion of capital, assets and resources to be controlled by both the parties. Joint ventures are common for projects like construction contracts, sharing of technological know how, branding of products, etc. Most commonly capital intensive projects are undertaken as joint ventures. The preparation for a joint venture begins with the analysis of the JV products, estimated costs, market analysis, financial projections, and impact on environment, etc. Get Joint Venture Contract Template from this site free.
The next stage of entering into a joint venture agreement is selecting a prospective partner with matching strategic strengths and resources that can add value to the enterprise and make the JV a success. Joint ventures are entered into for a limited time period which can range from 4 months to 4 years or less depending on the gestation period of the project. A business may have potential for growth with innovative products and ideas, however, a joint venture will add more resources, greater capacity and enhanced technical expertise along with access to established markets and various distribution channels.
Here is a sample joint venture contract template, We hope you will like it.
Contract is a handy tool that can be used to make any personal or business deal legal in eyes of law. It is written or oral agreement that may specify the rights and duties of involved parties to each other in a contract. Media advertising contract is a legal document that can be used to engage a media advertiser to promote products or services of another company or business entity for a specified sum of money normally known as media advertising cost. Media advertisement contract prepared by large businesses and companies who want to promote and advertise their business, products and services on particular type of media like newspaper, magazine, TV, radio or internet etc.
A well made media advertising contract protects both parties (advertiser and client) by providing important details of the agreement like type of media for advertising, agreed cost for advertising, placement of adds, time frame, payment schedules, payment due dates and cancellation policies and procedures etc. a client or customer need to provide accurate details and information about the products or services to the advertiser that need to be promoted in order to get effective advertising benefits. One can use various helping techniques and tools in preparation of elegant media advertising contract and one of them is media advertising contract template. You just need to customize the template after downloading in order to write faultless media advertising contract.
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A contract is a legal binding agreement or a legal document to demonstrate the relationship of two or more than two parties as well as setting out what they must do and must not to do in order to perform variety of action to gain valuable benefits. Contract is an understanding and a deal between two or more involved parties, individuals or organizations to do convinced things to reach common goals and objectives. It is a legal document used to highlight that what you and the other concerned persons or organizations has agreed to do under what terms and conditions to accomplish mutual goals and tasks. Contracts are prepared by parties when they agree to do something together by following the terms and conditions of the contract. Contracts can be in written or spoken as per their nature and circumstances. A person with age of 18 years can enter into a contract but in some states and in some circumstances people with age of less than 18 years can also make contracts.
a contract considered as valid if there are basic elements included in it and those basic elements are offer, acceptance and consideration. There must be an offer in contract to do something and it must be clear stated and specific. Similarly an offer in contract must be understood by other party or parties and its acceptance must be clear as well. Consideration to be paid for the promise made in contract is known as third and last important element of a contract to make it valid in eyes of law. Large number of people thinks that any legal contract should be in written to make it effective and enforceable but it is also fact that not all contracts need to be in written by parties. Variety of contracts is required by law that must be in written and sale or purchase of land contract in one of them. Hence it is always handy to have all terms and conditions agreed between the parties in writing and kept with all other necessary papers and documents. Written contracts are best to point out rights and duties of all involved parties in well manner.
Contracts are promises or understandings that enforceable by law in case of any violation or breech by any involved party or organization. When a breach of a valid contract happens, then one or both of the parties may wish to have the contract enforced based on terms and conditions stated in the contract and court or other law agencies will help them to resolve the issues and quarrels. It is a legal document and need too much care and attention while writing. Contracts should be prepared by using a professional format to make them effectual. A new person may fail to write a contract in best way but use of contract template enables anyone to write contracts in a well organized and professional manner. Contract templates are available in different forms and types to use for different situations and circumstances.
Employment Contract Template is important document. In simple terms, an employment contract is a contract between the employer and employee. It is a contract for service to be provided by the employee in return for remuneration in the form of salary and other benefits. It lays down the working conditions of the employee, obligations from the part of the employer and the various statutory and other benefits to which the employee is entitled to. They are otherwise known as the terms of employment. An employment contract is awarded to an employee subsequent to his success in the employer’s assessment. You can get Employment Contract Template from this site.
The contract could be for a specific period which might be renewed from time to time or otherwise it could be based on assignments. Most employment contracts need not be put down in writing as the employee-employer relationship commences as soon as the job offer is accepted by the employee. However, most companies issue what is commonly known as the “offer letter” or “appointment letter” which lays down the main terms and conditions of employment like pay, holidays, working hours, perks etc. an employment contract comes to an end with the employee resigning from service or by his termination of the contract by the employer dismissing the employee. An employee before resigning should give adequate notice of time to the employer as agreed upon in the contract.
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Here is an employment contract Template for your reference and guidance.