Intercompany Agreements are documents used to define how sales or transfers of goods and services by businesses owned by the same company are handled.
Exclusivity agreements come in a variety of forms and are designed to meet a range of goals. The overriding purpose of each exclusivity agreement is to define a relationship in which (generally) two parties agree to deal only with one another, to the exclusion of third parties. The duration of the agreement; whether it is … Read more
A lockbox agreement is used in “lockbox banking”, a service implemented by banks which enables companies to securely and conveniently accept payments at specified post office boxes in lieu of having the payments go directly to the companies.
A well-written nondisclosure is essential for many business dealings, however, the language and syntax changes for various industries. The fastest and most-cost effective ways to review clauses independently is through a RealDealDocs membership. Here are some recently added non-disclosure agreements available on RealDealDocs: Master Services And Non-Disclosure Agreement for STREAMLINE HEALTH SOLUTIONS INC., 180 Consulting, … Read more
Did you fail to spell out “pandemic” or “disease” in your force majeure clause? Or fail to include a force majeure clause altogether in your contract? Should you have foreseen the chaos caused by COVID-19? The language of contracts will likely be changed forever in the wake of the disruption to businesses as a result … Read more
From hand sanitizer to toilet paper, we’ve all heard of the price gouging which has gone hand in hand with the COVID-19 pandemic – but one company is taking the price gouging for the highly-sought after N95 masks very seriously. 3M discovered that a company was selling fake N95 masks at a whopping 600 percent … Read more
Force Majeure is a legal definition encompassing a collection of unlikely yet not impossible hindrances to performance in a contract – such as a fire, a flood, an Act of God, or possibly a global pandemic among other things. A force majeure clause in a contract generally excuses any or all delays in performance as … Read more