A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Contracts are a necessary detail when doing business. As a particular deal becomes more complex, so does the contract that seals that deal. Nonetheless, contracts follow a basic set of rules, whether ...

A home warranty can help you cover the cost of repairs and replacements for your major appliances and systems. Similar to an insurance policy, a home warranty provider charges a monthly or annual fee.

Learn what dishonor means in business, its impact on contracts, and the legal consequences of breaching agreements.

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...

Although the majority of employees in the U.S. work under at-will agreements, some employers utilize legally binding employment contracts. Before determining if employment contracts are right for your ...

Alex Carver is a writer and researcher based in Charlotte, N.C. A contributor to major news websites such as Automoblog and USA Today, she’s written content in sectors such as insurance, warranties, ...

As the world rapidly changes, businesses need to find ways to adapt in order to stay ahead. As a part of this adaptation, I think smart contracts are one of the most transformative technologies in ...

More businesses are using automated “smart contracts” to handle transactions. Based on blockchain technology, these contracts execute automatically and are lauded as a way to efficiently digitize ...