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We can provide you with access to over 3,000 document templates for small business which include a number of contract templates:

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What is a contract?

A contract is an agreement having a lawful object entered into voluntarily by two or more parties, each of whom intends to create one or more legal obligations between them. The elements of a contract are “offer” and “acceptance” by “competent persons” having legal capacity who exchange “consideration” to create “mutuality of obligation.”

Proof of some or all of these elements may be done in writing, though contracts may be made entirely orally or by conduct. The remedy for breach of contract can be “damages” in the form of compensation of money or specific performance enforced through an injunction. Both of these remedies award the party at loss the “benefit of the bargain” or expectation damages, which are greater than mere reliance damages, as in promissory estoppel. The parties may be natural persons or juristic persons. A contract is a legally enforceable promise or undertaking that something will or will not occur. The word promise can be used as a legal synonym for contract, although care is required as a promise may not have the full standing of a contract, as when it is an agreement without consideration.

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How can having a contract template assist me?

Having access to a contract template or a system of contract templates can greatly assist you with the process of establishing your business in such a manner that you can document and legally protect all of the important relationships that you enter into with suppliers, employees, customers and all other parties that may have an interest in your business where you need to establish some level of protection for your interests through the formation of a contract. There are literally thousands of different types of contracts which may need to be drafted for your business and having access to a contract template database can assist you with this essential business process.

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