These days people tend to go into legal contracts with the assistance of their lawyers, this is to ensure that both parties abide with the terms and conditions and as well to make sure they would not go back on their word. Have you ever been in a business contract before? How was it like.
Business contacts
- Thread starter eldavis
- Start date
I don't understand the concept of business contracts? What and what does it entail? What is it specifically used for?
I think the title is wrong, right? It should be commercial contracts, that being said, a commercial contract is an agreement between two parties where they agree to establish a relationship related to trade in which both parties will benefit from this joint activity.
I'm yet to have any contact because I have no business for now. but when I do I will have them.
It is good to have a business contact so that you can send information to your contact if there is any brand awareness.
One of the reasons why a lot of businesses make sure to go into contract is to avoid any dispute when they are going to share the business profits because that is where there is always a challenge in a business dealing with a partner.
When I was working full time, I worked for a software company which offer software rental service to clients. We send the software to clients via the internet. When customers signed up for the service, they need to sign a contract which listed out the terms and conditions of using our service. Our company has engaged the service of a lawyer to draft the contract for us.
Business contracts are legally binding agreements between two parties over business transactions. It is important to read all the terms in the contract before signing. Some of us are erratic when contracts are kept in front of us.
When you forge a better relationship with the customer and you continue to engage them, your business will definitely grow.
