A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Opinions expressed by Entrepreneur contributors are their own. Have you ever considered suing someone for not holding up their end of a bargain? Or were you the one being sued? Whether you’re in ...

Moral obligations might seem strong enough to equate to a good legal contract, but moral obligations and legal contracts are completely separate entities. A moral obligation can be encoded into a ...

A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...

The information in this column is not intended as legal advice but to provide a general understanding of the law. Readers with legal problems, including those whose questions are addressed here, ...