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

by Danny Ballan | Jan 21, 2022 | Uncategorized

1. 
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.

2. 
This agreement sets out the terms and conditions on which a business supplies goods.

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

4. 
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.

5. 
This contract comes into existence as soon as a job offer is accepted whether that offer is oral or in writing.

6. 
This agreement is used where one party is providing services as an independent advisor to a company.

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 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.

9. 
This agreement is used to ensure the repayment of money borrowed, usually in monthly instalments.

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