Professional English | Law | Do You Know These Types of Contracts?

by Danny Ballan | Jan 21, 2022 | Uncategorized

1. 
This agreement sets out the terms and conditions on which a business supplies goods.

2. 
This agreement is used where one party grants to another the right to run a business in the name of the first party. Examples include Body Shop and McDonalds.

3. 
This is the equivalent of a contract of employment for directors.

4. 
This agreement is used to ensure the repayment of money borrowed, usually in monthly instalments.

5. 
This is intended to govern the relationship between a number of shareholders in a company. The agreement works as a second layer of protection preventing the company from being run in a manner other than has been agreed.

6. 
This agreement should be used where one party (the licensor) owns intellectual property rights in respect of a product it has developed and wishes to license the manufacture of the product to a third party.

7. 
This agreement is used where one party buys goods from the manufacturer and re-sells them on his own account. He will however be given the right to use the manufacturer's intellectual property rights.

8. 
This contract comes into existence as soon as a job offer is accepted whether that offer is oral or in writing.

9. 
This agreement is used where one party is providing services as an independent advisor to a company.

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Recent Posts

The Vegetable Garden Problem

Universal High Income Sounds Wonderful Until You Ask Who Signs the Check

Elon Musk says AI and robots will make work optional within ten to twenty years, funded by government-issued “universal high income.” The promise is sincere. The arithmetic is plausible. The politics are a catastrophe — and for most of the world, the offer isn’t even on the table. An examination of what happens to human dignity, political leverage, and global hope when your livelihood becomes a transfer instead of a claim.

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