Free personal assistant confidentiality agreement form personal assistant contract template, The contract would be the basis of doing business. Does that seem too formal for you? Is a handshake arrangement good enough for all? Well, though it might not be as air tight as, say, a builder arrangement, a handshake deal remains a contract. The moment two individuals agree to terms as soon as it comes to the exchange of goods and services for a price, they’ve entered into a lawful contract. It’s why understanding of contracts as well as the issues involved must be significant to all people in business, and why knowing the difference between a good and bad contract can protect your interests.
Actually, understanding more about contracts would be similar to knowing more about history and life in general. Contract law is definitely not the development of a few thoughtful people, nor is it part of all kinds of grand design. Indeed, contract law has a lot of its roots in the common law basis of American culture. In other words, contract law is a little textbook example of the way common law developed in Britain and america. People engage in business transactions. Finally, some of these become sources of disputes between different parties. Some laws on the books may pay for the dispute. Very often, they do not. So that’s where a court needs to step in to cover so-called tricky cases and set new laws. These are known as precedents, that can then be transported over to similar cases in the future.
It’s the urge to prevent gray areas and issues of interpretation that produces the need to form contracts to safeguard your interests. In other words, a handshake can get you in trouble, since the particulars of this contract can be a matter open to interpretation. What’s less open to interpretation is a valid contract or contractor agreement that expressly states the obligations of parties of a contract. The more the arrangement clearly outlines those responsibilities, the better off all parties will be, especially if there ends up being a dispute.
Perhaps nowhere is that more true than with regard to the contractor arrangement. Companies are hired to perform jobs of all sorts for all kinds of clients. While it’s good to answer your phone, learn that someone wishes to contract for your services, and give you a lot to do it, it really doesn’t hurt if you previously have prepared a contractor arrangement that covers both your interests prior to getting started. It lets the client know what kind of people they’re employing, while also shielding you from somebody that plays loose with the idea of what a company contract is.
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