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Government Contracts: Opportunities for Small Businesses

Government contracts present significant opportunities for small businesses and entrepreneurs. However, these agreements are often overlooked by business owners despite the vast array of contracting options available from the federal government. Exploring Federal Government Contracts with the SBA The Small Business Administration (SBA) provides resources specifically designed to assist small businesses. Through the SBA’s programs,…

Close-up of a man's hands signing a contract

How Are Contracts Enforced?

Understanding Contract Enforcement: Key Methods and Considerations Contracts enforced through litigation are the most common way to resolve disputes in commercial agreements. If the amount in question is below a certain threshold, parties may opt to settle the matter in small claims court, which is faster and less costly. Alternatives to Litigation Litigation isn’t the…

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Understanding Contract Basics

The Importance of Basic Contract Templates Entering into agreements involves a complex web of rights and responsibilities for all parties involved. Ensuring a fair and legally sound contract is crucial to avoid potential disputes and legal complications down the road. One valuable tool in this process is the use of basic contract templates, providing a…

A Business Owner Showing His Hand for a Handshake with an Estate Planning Attorney.

Contract or Agreement

What is a Contract or Agreement? A contract is an agreement that is binding and legally enforceable when adequately formed. This kind of arrangement is the most frequently used for legal dealings. It happens in nearly every case where something is sold or purchased. Some examples include contracts for the sale of goods, sale of…