Business Dictionary

Take-and-pay contract
An agreement that
obligates the
purchaser to take any product that is
offered (and pay the
cash purchase price) and pay a specified amount if the product is not taken.
Related Articles Top Tips for Avoiding Legal Trouble With Employees
NOLO.COM - You can't afford to ignore or mishandle employment problems. A botched employment situation can cost you millions of dollars if it turns into a lawsuit. Protect yourself using...
What Kind of Information Does the Uniform Franchise Offering Circular (UFOC) Disclose?
AllBusiness.com - Here is what the UFOC is required to disclose about the franchise
operation.
What Are the Key Elements of an Agreement with an Independent Contractor?
AllBusiness.com - Your business must have a good form of Independent Contractor
Agreement to mitigate liability and cost issues. A good agreement
will often cover these seven items.
What Is a Letter of Intent?
AllBusiness.com - A letter of intent is typically a short form letter, laying out
that two parties are thinking about doing a deal together. Here's
the information it usually includes.
Finding the Right Small Business Lawyer
AllBusiness.com - Your lawyer will be a trusted ally, so make sure you do your due
diligence when choosing one.