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Contracts

Contract

A legally binding agreement between two or more parties, setting out what each will do and what happens if they don't.

A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.

You'll hear it as

We can't start until the contract's signed.

Why it matters to you.

Most of what goes wrong between companies goes back to something the contract said, or didn't say. Read the parts that affect your work.

Related terms.

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Mentioned in 4 videos, plus more on Business & startups.

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