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To some extent, you can say that “Perfect paperwork requires perfect performance.” That’s why we strive to give actionable advice on how to better deal with routine contract work. This section includes:
- Everything you should know about contracts
- Creating, managing, and negotiating contracts
- Types of contracts and agreements
- Common problems in contracts and how to avoid them
- Contract lifehacks
Knowing more about contracts will help you deal with contracts faster. Contract management and drafting shouldn’t seem like an unbearable punishment.
What is a contract?
A contract is an enforceable legal agreement between parties that outlines specific obligations.
What are the types of contracts?
There are five main types of contracts: written contracts, verbal contracts, part-verbal / part-written contracts, standard form contracts, and period contracts.
What is the purpose of contracts?
The main purpose of contracts is to establish business relationships and outline each party’s rights and obligations.
What is a contract and its types?
Contracts are a legally binding agreement between two or more parties. There are many different types of contracts, but three most common contract types are: fixed-price contracts, cost-plus contracts, and time and materials contracts.