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.

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 ...

Marta Andhov received funding from the Carlsberg Foundation for the research project Purchase Power—Sustainable Public Procurement Through Private Law Enforcement (PurpLE). This article was developed ...

LAFAYETTE, CO - January 30, 2026 - PRESSADVANTAGE - Encore Data Products, a leading provider of audio and technology ...

"Contracts are the foundation of commerce." Does this sound like an overstatement? It's not. When you think about almost any ongoing business transaction (be it with a supplier, a customer, a partner ...

Why do traditional supply chain processes need blockchain? Traditional procurement and supply chain processes can be manual, scattered, inefficient and complex. The use of blockchain in procurement ...

When you assemble the specifications for a construction or remodeling project, you must rely on input from each of the subcontractors involved, including the company chosen to install plumbing. As you ...

It continually amazes me that many business folks who negotiate tons of IP license agreements, fail to understand the difference between covenants, representations, and warranties that are “standard” ...