What is a cost reimbursement contract?
What is a cost reimburesment contract?
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What is a release?
What is a release contract?
→ Read MoreDoes a contract have to be notarized?
A contract typically does not have to be notarized. A notary public (or simply ‘notary’) provides an acknowledgment that the signature appearing on the document is that of the person whose signature it purports to be.
→ Read MoreWhat is a contract?
A contract is an agreement between two or more persons (individuals, businesses, organizations, or government agencies) to do, or to refrain from doing, a particular thing in exchange for something of value. Contracts can generally be written using formal or informal terms, or they can be entirely verbal.
→ Read MorePutting Through Credit Card Charges by Merchant on Products to be Shipped
The seller or merchant is not required to ship the product first, before putting the credit card charges through. Putting through a credit card charge before shipping merchandise is simply a type of prepayment.This does put some risk on the buyer—the risk that he or she will be charged without receiving his or her merchandise.
→ Read MoreElements of a Contract
What are the elements of a contract?
→ Read MoreIs a contract signed by a minor valid?
In all states, the age requirement to sign a contract is 18 years of age, and contracts signed by minors will be deemed invalid contracts. A child under the age of 18 is considered a minor and is unable to sign a contract unless it is for essential items.
→ Read MoreI run a small business and occasionally checks are returned due to insufficient funds. What can I do to collect?
Even though you take all reasonable precautions, a bad check will occasionally slip through your system. A bad check can bounce if the customer has insufficient funds in their account, or if the account has been deleted or closed. There are several solutions that apply primarily to bad checks by individuals including calling the customer, sending a certified letter, or contacting the bank.
→ Read MoreIs a scanned or electronic copy of a contract legally binding, or is a signed original required to enforce a contract?
Copies and faxes of contracts, and scanned or electronically stored versions, are all “good” (valid) contracts and enforceable. In fact, contracts are now very commonly executed, or signed, at least partially by fax or scanned copy, with one person signing, then transmitting the contract in some form to the other, who then signs it and transmits a countersigned version back.
→ Read MoreMust the contract be in writing?
Must the contract be in writing?
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