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.

During the course of business, organizations enter into contracts with vendors, customers, employees and suppliers. As an agreement that is legally binding, contracts contain specific wording that can ...

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 ...