This is an article on how to write a binding business contract
Step 3) Identify the DATE the contract will come to fruition. Will the contract be performed incrementally or all at once? You need to spell this out in entirety in the contract.
Step 2) Identify the NAMES of the parties involved. Since it's your contract, you will be one of the parties involved and the other person will be the other party involved. If a salesman is involved, point out in the business contract that the salesman is the agent authorized to act on your behalf.
Step 4) The most important step: LIST WHAT YOU ARE CONTRACTING FOR. For example, "I promise to pay Billy $7 a month to cut my grass." Billy promises to cut your grass, and you promise to pay him $7 a month to do so. It needs to be a what-for-what business relationship.
Step 1) Writing a solid, binding business contract is fundamental for anyone engaged in business; understanding a business contract is fundamental for anyone alive. Just think about it. Everytime you go to your local convenience store to get a 6 pack of coke you're engaging into a contract with the owner of the store for the coke. The receipt is the written contract between you and the owner.
Step 6) Your business contract should be in WRITING. It's just a bad idea in these times to make an oral agreement. Put your contract in writing so you know who is responsible for what.
Step 5) What is the CONSIDERATION? Consideration for the contract is a sign of good faith that you will be going ahead with the contract. For example, "Teddy agrees to put $7,000 down in consideration of going ahead with the real estate purchase-and-sale agreement."
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