Contracts Explained

Most contracts are “simple contracts” that can be created by any adult without legal guidance. But that doesn’t mean you can overlook risks. Consumer law tends to automatically manage common risks to consumers, but it can add to the unmanaged risks for businesspeople. This book gives you the insights you need to create and administer contracts, and to enable informed discussion with business managers, project managers, contract managers, and lawyers. Learn how to: • write contracts that are easy to understand; • navigate concerns about intellectual property; • identify core components of larger contracts; • determine when a contract ends. Every business transaction you make has a contract, but not all contracts are written—and so risk can be hard to manage. When there is important risk to manage, you should put the contract into writing. Whether you are working locally, nationally, or internationally, this book will help you understand, write, and manage contracts.