Business Contract Sample: Download, Create, Edit, Fill and Print

A business contract is very important for small time business as well as independent individuals trying to make business with another business. This is a legal agreement between two parties, and might be used in situations where services are performed for a certain fee or particular duties are necessary to be done. For a contract to be valid legally, it must have several key elements. For instance, a business contract can be for the sale of items or services at a particular price. The process for making a contract normally has discussion, negotiation, information exchange, and other important agreements.

An agreement should have these four important elements to be considered as a contract. If any of them is not included, the agreement wouldn’t be considered to be legal.

Step 1 Offer: There have to be a certain, clearly specified offer to perform something.

Step 2 Acceptance: The only things that can be accepted are the ones that are offered. It means that the offer have to be accepted exactly as what stated on the contract.

Step 3 Intention of legal consequences: A contract needs the parties to get into a legal binding agreement.

Step 4 Consideration: In order for a business contract to be binding, it has to be supported by respected consideration. It means that a party promises to do something in response to an assurance from the other party to offer a help of agree on.