2. Partnership Agreements – Better known as Articles of Partnership. Voluntary contract between two or more parties to place their corporations into business together with the understanding that there will be a sharing of profits and losses. Be sure to include:
~Percentage of ownership~Allocation of profits & losses~Who can bind the partnership~Decision making authority~In event of death~Resolution disputes
3. Independent Contractor Agreement – An individual, business, or company that is not an employee of the company but is required to be compensated for services completed for the company. A freelancer if you will. Be sure to include:
~Compensation & details~Services provided & Ownership~Resolution of disputes~Time frames
4. Nondisclosure Agreements – Legal contract between several parties that establish the confidentiality of shared knowledge or materials and restricts third party access. Makes sure no one involved is allowed to ‘speak’ about or divulge covered aspects of the agreement to anyone else. Be sure to include:
~Definition of confidential information~Exclusions from confidential information~Obligations of receiving party~Time period
This is just our listing but each individual business should have it’s own key contracts in place to run a successful business.