A contract is a legal document involving two or more person that binds the parties to a formal agreement.
A buy-sell agreement is a legally binding contract between two co-owners of a business that specifies how their respective shares could be reassigned if that partner dies or decides to leave the business.
A distributor, or sales, agreement is a contract between a supply company and distribution company. The supply company provides the distribution company with products to market and sell. The contract binds this relationship as it agrees the distributor will buy and then sell products from the supplier.
Intellectual property is any product created from human intellect that this category of property law protects from unauthorized use by others. Intellectual property can include patents, copyrights, trademarks, and trade secrets.
A franchise agreement is a contract in which a business provides it brands and operational model to another party in order for that party to run a similar business in exchange for a fee and a share of the income earned. The agreement details what roles each party needs to perform and what compensation to expect.
A collections agency is a company hired by a creditor to collect a debt that has previously failed to have been collected.
A business entity refers to how the business is structured rather than what it does. Business entity formation is the process of choosing what type of entity will be best for the business and accomplishing the economic and legal steps to form that entity. Business entities include single entrepreneurs, partnerships, corporations, and limited liability companies.
Business succession planning is the process of arranging how and identifying whom business ownership and leadership roles should pass on to. Business succession planning ensures smooth transitions after owners or leaders of the company leave, retire, or pass away.
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