This is a two-way Confidentiality/Non-Disclosure Agreement (NDA) for discussion of the business relationship with a mutual obligation of confidentiality. This is drafted in neutral form.
A Memorandum of Understanding (MOU) document sets out the preliminary terms of a commercial transaction agreed by the parties in the course of negotiations. This is often used to ensure both parties are on the same page as regards the major aspects of the transaction and prevent misunderstandings. It is also known as a head … Read more
What is an indemnification clause? An indemnification clause provides that a party agrees to compensate an individual if they suffer a loss as a result of a specific event such as breach of contract etc. It is an important clause to have in a business contract because it allocates the risks associated with the contract … Read more
A referral agreement is entered between a supplier/service provider and another company that refers potential clients to the supplier/service provider. It is used primarily when people have business contacts in a certain industry and receive a “Referral Fee’ for making a successful introduction to others. It is also referred to as a business introduction agreement. … Read more
More and more entrepreneurs are ditching the traditional business model and moving their business ideas online. As easy as that may be, you need to be aware of the legal requirements when setting up an online business. Register your business Before running an online business, the first thing to do is set up a company. … Read more