Contract Law

Contracts are important and inevitable in running any business. Our Contract Law articles will give you the necessary insight for writing a contract. Check out the articles below to learn about contract laws and how they apply to your business.

What Is Breach of Contract? Definition and Examples
A breach of contract is when one party fails to live up to their contractual obligations. Understand the basics of the law regarding breach of contract.
November 20, 2024 · 11 min read
What Is an Arbitration Agreement?
Arbitration agreements are a popular way for businesses to limit their legal fees and keep disputes out of court.
November 20, 2024 · 7 min read
How to Write a Contract
A handshake deal is a start, but a written contract makes the agreement official and binding. Learn how to create your own contract in seven steps.
September 30, 2024 · 11 min read
What Is a Promissory Note? Definition, Examples, and Uses
A promissory note is a legally binding IOU: a formal, written promise in which one party agrees to repay the money they borrowed from another party.
September 23, 2024 · 9 min read
The 6 Key Elements of a Contract
A valid and legally enforceable contract must meet six key criteria. If any are missing, your contract may not safeguard your interests.
September 6, 2024 · 10 min read
What Makes a Contract Legally Binding?
There are certain legal criteria that contracts must meet to ensure they are legally enforceable. Here’s what to look for and what to include in yours.
September 6, 2024 · 7 min read
What Makes a Contract Unconscionable?
An unconscionable contract—that is, one with unfair terms—can spell trouble ahead for a small-business owner. Read more to learn some of the signs that a contract might be unconscionable.
July 29, 2024 · 6 min read
Employee vs. Independent Contractor: Differences You Need to Know
What does it mean to be an independent contractor and how is that status different from being a full employee?
July 29, 2024 · 4 min read
What Is an Independent Contractor?
Independent contractors are self-employed specialists. This comes with a number of advantages and disadvantages for them and their clients.
July 22, 2024 · 9 min read
What Is an Irrevocable Contract?
Irrevocable contracts are common in the business world, but they can be difficult to decipher. Learn the significance of this type of agreement, as well as about basic contracts, option contracts, releases, and waivers.
July 18, 2024 · 4 min read