What is an “Agreement” ?

In business, if you agree for certain terms and conditions with anybody like say your Client, Vendor, Staff and so on, it’s always safe to sign up an agreement in writing to avoid unnecessary complications in the future.

To protect the entity, a business owner must ensure that he signs up in writing with whoever he acts for official matters.

Importance of Agreement:

What if the concerned contractee (be it your client, vendor, staff or landlord) does not do things as agreed ? Yes, you can get a solution legally if they had signed up the terms in writing.

An agreement in writing is a valid document in the eyes of law if properly executed.

What kinds of Agreements you may need?

  • Service Level Agreement (SLA)
  • Vendor Contract
  • Employment Contract
  • Non-disclosure Agreement (NDA)
  • Non-competence Agreement (NCA)
  • Rental/Lease Agreement
  • Indemnity Bond
  • Franchise Agreement

There are hundreds of cases whereby the contractor/contractee have faced financial loss and lost the case, just because they didn’t execute a proper contract with the concerned party.

Contact us info@cogzidel.in and we will share you lots of interesting case studies and will also explain you on how you can protect your entity through signing up contracts.