Intellectual property and confidentiality agreements
Definition A non-disclosure agreement or NDA is an agreement that prevents a party or all parties from publicly revealing confidential information or data. NDAs legally bind all signatory parties not to disclose the information except as permitted by the NDA. Essential Characteristics NDAs are central to businesses whose goal is to protect information and trade […]
Licensing and agency agreements
Definition A licensing agreement allows another party to use the brand, patent or trademark owned by another party. The agreement between the property owner, known as the licensor, and the permitted party, known as the licensee, will contain terms detailing the licensor’s type of licensing agreement, usage, and compensation. These contracts will vary depending on […]
Agreements for the sale or supply of goods and/or services
Definition As the name suggests, a supply agreement for the sale of goods/services determines the rights and obligations of a supplier and purchaser when the former provides goods/services to the latter. Essential Characteristics When drafting agreements for the sale or supply of goods and/or services, considering the following terms is nothing short of essential:
Commercial leases and management agreements
Definition A commercial lease is an agreement between a lessor and a lessee to occupy or use a facility for a purpose related to business. The lessee will have exclusive rights to the property for a fixed period. A commercial lease agreement imposes significant obligations on all parties. Therefore, proper due diligence, understanding terms, conditions, […]