Contracts are essential tools to any business. Businesses typically draft contracts with customers, suppliers, contractors, investors and others with which they conduct business. It’s often a good idea to meet with a skilled business attorney with contract experience who can carefully craft these important documents and help you avoid costly mistakes.

Common contracts in business include:

• Distribution Agreement– An agreement which defines the terms and conditions under which a distributor may sell products provided by a supplier.
• Licensing Agreement– An agreement pursuant to which the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use technology owned by the licensor.
• Franchise Agreement– An agreement which outlines the relationship between the franchisor and the franchisee, such as support, advertising, use of brand, etc.
• Indemnity Agreement– An agreement to transfer risk from one party to another.
• Stock Purchase Agreement – An agreement to sell a certain amount of stock to an individual or entity.
• Partnership Agreement– An official agreement among two or more partners, which outlines the responsibilities of each.
• Agreement to Sell Business– A letter of intent which outlines the terms of a business sale.
• Equipment Lease– An agreement to lease equipment for a specified period of time.
• Non-Disclosure or Confidentiality Agreement–  An agreement prohibiting the disclosure of certain information to third parties.
• Bill of Sale –  A record of the transfer of ownership of one or more assets from one party to another.
• Agreement for the Sale of Goods– A contract for the sale of goods, which may be confirmed by a bill of sale after the transaction goes through.
• Commercial Lease –  An agreement to rent commercial space.
• Succession Plan – A contract that outlines how a business is passed on to third party at a future time.
• Buy-Sell Agreement – An agreement that sets forth a process for the sale or transition of a business upon the occurrence of certain triggering events, such as death, disability, and termination.