A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Forbes contributors publish independent expert analyses and insights. I explain what business leaders need to know about the law. With new coronavirus cases spreading, every business faces questions ...

Handshake deals between two trusted associates can work like a charm, but they're hard to enforce if anything goes wrong. A simple sales contract is safer and easier to enforce, as long as you draft ...

This article was published in the November 2017 issue of AGC Law in Brief (Volume 3, Issue 6), Practical Construction Law & Risk Issues. It is reprinted here with permission. Firm fixed-price ...