By Gary Quinnett on October 11, 2010
Business-to-business agreements should be in writing (personal agreements with friends and relatives also fall in the “put it in writing” category). If the contract touches a matter of any significance at all, then best to include all these components:
The PartiesDescription of the goods or services to be procuredDelivery/PerformancePrice and PaymentLength of AgreementTermination of AgreementWarrantiesIndemnityLimitations of LiabilityMisc. Clauses, e.g. choice of lawPosted in Contracts